Banco Bilbao Vizcaya Argentaria S.A. Decreases Holdings in Electronic Arts Inc. $EA

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,137 shares of the game software company's stock after selling 8,999 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.06% of Electronic Arts worth $23,423,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EA. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Electronic Arts by 2.8% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 40,799 shares of the game software company's stock valued at $5,896,000 after buying an additional 1,099 shares during the last quarter. Andina Capital Management LLC bought a new position in shares of Electronic Arts during the first quarter valued at about $513,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Electronic Arts during the first quarter valued at about $341,000. Financial Advisors Network Inc. bought a new position in shares of Electronic Arts during the first quarter valued at about $2,311,000. Finally, Brooklyn Investment Group grew its stake in shares of Electronic Arts by 37.8% during the first quarter. Brooklyn Investment Group now owns 2,061 shares of the game software company's stock valued at $298,000 after buying an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analysts Set New Price Targets

EA has been the topic of several recent analyst reports. Citigroup reissued a "neutral" rating and issued a $153.00 target price (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Moffett Nathanson reissued a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their target price on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Finally, Benchmark raised their target price on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $167.12.

Electronic Arts Stock Down 0.1%

Shares of EA stock traded down $0.15 during trading hours on Friday, hitting $171.40. 1,707,305 shares of the company's stock traded hands, compared to its average volume of 3,491,208. The stock's fifty day simple moving average is $157.95 and its two-hundred day simple moving average is $147.23. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $180.90. The stock has a market cap of $42.89 billion, a price-to-earnings ratio of 42.96, a PEG ratio of 2.21 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's payout ratio is presently 19.05%.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the completion of the transaction, the chief executive officer directly owned 52,393 shares in the company, valued at $8,961,822.65. The trade was a 8.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total transaction of $159,530.00. Following the completion of the transaction, the insider owned 37,131 shares of the company's stock, valued at approximately $5,923,508.43. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,200 shares of company stock worth $4,142,660 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Company 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.