Los Angeles Capital Management LLC Sells 1,107,419 Shares of Electronic Arts Inc. (NASDAQ:EA)

Los Angeles Capital Management LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 87.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,839 shares of the game software company's stock after selling 1,107,419 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of Electronic Arts worth $23,389,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock valued at $500,000 after purchasing an additional 294 shares during the period. Royal London Asset Management Ltd. lifted its position in shares of Electronic Arts by 6.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 116,824 shares of the game software company's stock valued at $17,091,000 after purchasing an additional 6,706 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at about $37,000. Virtu Financial LLC purchased a new stake in Electronic Arts during the fourth quarter worth about $658,000. Finally, Mizuho Securities USA LLC increased its stake in shares of Electronic Arts by 45.1% in the fourth quarter. Mizuho Securities USA LLC now owns 22,620 shares of the game software company's stock worth $3,309,000 after purchasing an additional 7,030 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total value of $398,750.00. Following the transaction, the insider directly owned 60,592 shares of the company's stock, valued at approximately $9,664,424. This trade represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total transaction of $151,320.00. Following the completion of the transaction, the chief financial officer owned 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 have sold a total of 31,729 shares of company stock worth $4,822,884 over the last 90 days. Corporate insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EA shares. Argus set a $170.00 price target on shares of Electronic Arts in a report on Friday, May 16th. Moffett Nathanson reiterated a "neutral" rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 7th. UBS Group boosted their target price on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Benchmark increased their price target on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Fourteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $162.71.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded up $3.63 during trading on Tuesday, hitting $157.02. 3,204,517 shares of the company were exchanged, compared to its average volume of 2,812,244. The company has a market capitalization of $39.45 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 2.04 and a beta of 0.73. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The business's 50 day moving average is $150.60 and its 200-day moving average is $142.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.48%. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

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.