Electronic Arts Inc. (NASDAQ:EA) Holdings Lowered by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. decreased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,307,108 shares of the game software company's stock after selling 128,573 shares during the period. Electronic Arts makes up 1.9% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 13th biggest position. Burgundy Asset Management Ltd. owned 0.50% of Electronic Arts worth $191,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of EA. Swedbank AB lifted its holdings in Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock worth $235,224,000 after buying an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Electronic Arts during the fourth quarter worth about $217,000. Huntington National Bank boosted its holdings in Electronic Arts by 31.4% in the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after purchasing an additional 80,968 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Electronic Arts by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after purchasing an additional 36,153 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in Electronic Arts during the 4th quarter valued at approximately $3,730,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on EA shares. Roth Capital reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group boosted their target price on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. DA Davidson began coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target on the stock. Finally, Robert W. Baird set a $168.00 price target on Electronic Arts in a research note on Wednesday, May 7th. 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.com, Electronic Arts has a consensus rating of "Hold" and a consensus price target of $161.29.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. The trade was a 13.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $151.32, for a total value of $151,320.00. Following the transaction, the chief financial officer now directly owns 14,533 shares of the company's stock, valued at $2,199,133.56. This represents a 6.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,729 shares of company stock valued at $4,107,664 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Electronic Arts stock traded up $0.20 during midday trading on Wednesday, reaching $146.92. 510,430 shares of the stock traded hands, compared to its average volume of 2,729,610. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week 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 firm has a market cap of $36.84 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 3.58 and a beta of 0.74. The firm has a fifty day moving average price of $145.66 and a two-hundred day moving average price of $144.70.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts's dividend payout ratio is presently 17.92%.

About Electronic Arts

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.