Aberdeen Group plc Sells 6,833 Shares of Electronic Arts Inc. $EA

Key Points

• Aberdeen Group plc trimmed its position in Electronic Arts by 2.7% in Q4, selling 6,833 shares and leaving it with 242,560 shares valued at about $49.56 million.
• Insider selling accelerated recently: CEO Andrew Wilson sold 5,000 shares and Laura Miele 2,500 shares on March 16, and insiders have sold 27,600 shares (~$5.55 million) in the past 90 days, leaving insiders with 0.24% ownership.
• Analyst and valuation snapshot: EA carries an average analyst rating of "Hold" with a consensus target of $188.30, while the stock trades around $203.60, has a PE of 76.54 and a market cap of $50.95 billion.

Aberdeen Group plc reduced its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 242,560 shares of the game software company's stock after selling 6,833 shares during the quarter. Aberdeen Group plc owned 0.10% of Electronic Arts worth $49,562,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Electronic Arts by 5.8% during the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company's stock worth $2,726,552,000 after acquiring an additional 932,024 shares during the last quarter. Pentwater Capital Management LP bought a new position in shares of Electronic Arts during the 3rd quarter valued at about $968,160,000. Ameriprise Financial Inc. increased its position in shares of Electronic Arts by 8.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company's stock valued at $926,194,000 after purchasing an additional 374,840 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Electronic Arts by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company's stock valued at $870,328,000 after buying an additional 202,657 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Electronic Arts by 26.3% during the 3rd quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company's stock valued at $619,127,000 after buying an additional 638,667 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $203.60 on Friday. The business has a fifty day moving average price of $201.23 and a 200-day moving average price of $200.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $50.95 billion, a PE ratio of 76.54, a PEG ratio of 2.19 and a beta of 0.73. Electronic Arts Inc. has a 1-year low of $131.15 and a 1-year high of $204.88.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio is presently 28.57%.

Analyst Ratings Changes

A number of research analysts have commented on EA shares. Citigroup reduced their price target on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Electronic Arts has an average rating of "Hold" and a consensus price target of $188.30.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $999,750.00. Following the completion of the sale, the chief executive officer owned 28,858 shares of the company's stock, valued at $5,770,157.10. This trade represents a 14.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the transaction, the insider directly owned 45,843 shares in the company, valued at $9,166,307.85. This trade represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,600 shares of company stock worth $5,553,319. Corporate insiders own 0.24% of the company's stock.

About Electronic Arts

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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