Electronic Arts Inc. $EA Shares Sold by Arlington Partners LLC

Key Points

• Arlington Partners LLC reduced its holdings in Electronic Arts Inc. by 15.5%, selling 5,339 shares during the second quarter, leaving them with a total of 29,197 shares valued at approximately $4.66 million.
• Insider transactions included Vijayanthimala Singh selling 1,200 shares and CEO Andrew Wilson selling 5,000 shares, indicating a decrease in ownership for both individuals.
• Electronic Arts announced a quarterly dividend of $0.19 per share, reflecting a 0.4% dividend yield, and has a consensus rating of "Moderate Buy" from analysts with an average target price of $167.40.

Arlington Partners LLC lowered its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 15.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,197 shares of the game software company's stock after selling 5,339 shares during the period. Electronic Arts comprises approximately 1.7% of Arlington Partners LLC's investment portfolio, making the stock its 13th biggest position. Arlington Partners LLC's holdings in Electronic Arts were worth $4,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC purchased a new position in shares of Electronic Arts in the first quarter valued at approximately $319,000. CCM Investment Group LLC acquired a new stake in shares of Electronic Arts during the 1st quarter worth approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. raised its position in Electronic Arts by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock valued at $94,456,000 after purchasing an additional 13,461 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Electronic Arts by 5.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company's stock valued at $15,300,000 after buying an additional 5,275 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Electronic Arts by 4.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company's stock worth $23,495,000 after purchasing an additional 6,835 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 0.2%

EA stock traded up $0.33 during midday trading on Monday, reaching $173.42. 2,838,434 shares of the company were exchanged, compared to its average volume of 2,549,019. The company has a market cap of $43.39 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The stock's 50-day simple moving average is $165.57 and its 200 day simple moving average is $153.62.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts's dividend payout ratio is currently 19.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Electronic Arts from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. DA Davidson boosted their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Citigroup reiterated a "neutral" rating and issued a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Arete upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price target on the stock in a report on Tuesday, August 5th. Finally, Bank of America lifted their price objective on Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.40.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $152.21, for a total transaction of $761,050.00. Following the transaction, the chief executive officer owned 57,393 shares of the company's stock, valued at $8,735,788.53. The trade was a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $148.32, for a total value of $222,480.00. Following the completion of the sale, the executive vice president directly owned 28,448 shares of the company's stock, valued at $4,219,407.36. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,800 shares of company stock worth $4,214,010. 0.24% of the stock is owned by company insiders.

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.