Ensign Peak Advisors Inc Sells 10,464 Shares of Electronic Arts Inc. (NASDAQ:EA)

Ensign Peak Advisors Inc lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 152,260 shares of the game software company's stock after selling 10,464 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.06% of Electronic Arts worth $22,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EA. Los Angeles Capital Management LLC grew its position in shares of Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after buying an additional 989,319 shares during the period. FMR LLC grew its position in shares of Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock worth $176,709,000 after buying an additional 835,985 shares during the period. Norges Bank bought a new position in shares of Electronic Arts in the 4th quarter worth $96,698,000. Capital International Investors lifted its holdings in shares of Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after purchasing an additional 605,796 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Electronic Arts by 591.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company's stock worth $101,951,000 after purchasing an additional 596,141 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the sale, the insider now owns 40,189 shares in the company, valued at $6,252,202.73. The trade was a 5.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,118,120 in the last quarter. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Cowen increased their target price on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Oppenheimer lifted their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Wedbush lifted their target price on Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a research note on Monday, January 27th. Finally, BMO Capital Markets decreased their price objective on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $161.83.

Electronic Arts Price Performance

Shares of NASDAQ EA traded down $1.83 during midday trading on Wednesday, hitting $147.23. 2,759,360 shares of the company's stock were exchanged, compared to its average volume of 2,715,064. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.37 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 3.58 and a beta of 0.74. The business's fifty day moving average price is $143.91 and its two-hundred day moving average price is $144.95.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts's payout ratio is 17.92%.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.