Alps Advisors Inc. Decreases Holdings in Electronic Arts Inc. (NASDAQ:EA)

Alps Advisors Inc. lessened its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 16.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,462 shares of the game software company's stock after selling 5,748 shares during the period. Alps Advisors Inc.'s holdings in Electronic Arts were worth $4,113,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP grew its position in shares of Electronic Arts by 53.4% in the 1st quarter. Allworth Financial LP now owns 1,169 shares of the game software company's stock valued at $171,000 after buying an additional 407 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Electronic Arts by 175.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 308,336 shares of the game software company's stock valued at $44,561,000 after purchasing an additional 196,594 shares in the last quarter. Banque Pictet & Cie SA boosted its position in shares of Electronic Arts by 2.9% during the 1st quarter. Banque Pictet & Cie SA now owns 95,184 shares of the game software company's stock valued at $13,756,000 after purchasing an additional 2,681 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Electronic Arts by 7.9% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 1,781 shares of the game software company's stock valued at $257,000 after purchasing an additional 131 shares in the last quarter. Finally, Ninety One SA PTY Ltd boosted its holdings in Electronic Arts by 260.8% in the first quarter. Ninety One SA PTY Ltd now owns 52,127 shares of the game software company's stock worth $7,498,000 after acquiring an additional 37,678 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In other news, 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 value of $159,530.00. Following the sale, the insider directly owned 37,131 shares of the company's stock, valued at $5,923,508.43. The trade was a 2.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $150.64, for a total value of $753,200.00. Following the completion of the sale, the chief executive officer directly owned 62,393 shares in the company, valued at approximately $9,398,881.52. This represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,729 shares of company stock worth $4,784,679. Insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on EA shares. Moffett Nathanson reissued a "neutral" rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 7th. UBS Group increased their price objective on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Citigroup reissued 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. TD Cowen increased their price target on Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.71.

Electronic Arts Trading Down 1.7%

NASDAQ:EA traded down $2.61 during mid-day trading on Friday, reaching $148.69. 1,840,332 shares of the company's stock traded hands, compared to its average volume of 2,813,522. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market capitalization of $37.36 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.05 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day moving average price of $151.14 and a 200-day moving average price of $142.55.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts's payout ratio is 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.