Electronic Arts Inc. $EA Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Electronic Arts by 6.3%, resulting in ownership of approximately 1.11 million shares valued at about $177.7 million.
• The company's quarterly dividend of $0.19 per share was recently paid out, yielding 0.4% annually with a payout ratio of 19.05%.
• Electronic Arts has a current market cap of $50.45 billion and a consensus target price of $176.04, with the stock receiving a mix of ratings from analysts.

Robeco Institutional Asset Management B.V. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,112,843 shares of the game software company's stock after selling 74,387 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.44% of Electronic Arts worth $177,721,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of EA. Brighton Jones LLC lifted its holdings in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after purchasing an additional 294 shares during the period. Merit Financial Group LLC lifted its holdings in Electronic Arts by 161.3% in the first quarter. Merit Financial Group LLC now owns 5,573 shares of the game software company's stock worth $805,000 after purchasing an additional 3,440 shares during the period. Whipplewood Advisors LLC lifted its holdings in Electronic Arts by 34.2% in the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after purchasing an additional 76 shares during the period. Financial Management Professionals Inc. lifted its holdings in Electronic Arts by 15.0% in the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after purchasing an additional 73 shares during the period. Finally, Vest Financial LLC acquired a new stake in Electronic Arts in the first quarter worth about $38,014,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $201.63 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The company's 50-day moving average price is $170.50 and its two-hundred day moving average price is $155.76. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The stock has a market cap of $50.45 billion, a PE ratio of 50.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77.

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 issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts's payout ratio is presently 19.05%.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. UBS Group set a $210.00 price objective on shares of Electronic Arts and gave the stock a "neutral" rating in a report on Tuesday. Argus upped their price objective on shares of Electronic Arts from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday. Citigroup reiterated a "neutral" rating on shares of Electronic Arts in a research report on Friday, September 26th. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price target on the stock in a research report on Tuesday, August 5th. Finally, HSBC cut shares of Electronic Arts from a "buy" rating to a "hold" rating and set a $191.00 price target on the stock. in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Electronic Arts presently has an average rating of "Hold" and a consensus target price of $176.04.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $171.52, for a total transaction of $205,824.00. Following the sale, the executive vice president owned 26,080 shares in the company, valued at approximately $4,473,241.60. The trade was a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total value of $429,225.00. Following the sale, the insider owned 55,592 shares in the company, valued at approximately $9,544,590.48. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,500 shares of company stock worth $6,743,160. 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.

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