Mn Services Vermogensbeheer B.V. Sells 7,200 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mn Services Vermogensbeheer B.V. reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,400 shares of the game software company's stock after selling 7,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Electronic Arts were worth $13,354,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after buying an additional 294 shares during the period. Empowered Funds LLC boosted its stake in Electronic Arts by 32.4% during the fourth quarter. Empowered Funds LLC now owns 7,230 shares of the game software company's stock worth $1,058,000 after acquiring an additional 1,771 shares in the last quarter. Savant Capital LLC grew its holdings in Electronic Arts by 11.8% in the fourth quarter. Savant Capital LLC now owns 3,622 shares of the game software company's stock worth $530,000 after purchasing an additional 381 shares during the period. Avestar Capital LLC acquired a new stake in Electronic Arts in the fourth quarter worth $230,000. Finally, Montag A & Associates Inc. increased its stake in Electronic Arts by 418,914.3% in the fourth quarter. Montag A & Associates Inc. now owns 29,331 shares of the game software company's stock valued at $4,291,000 after purchasing an additional 29,324 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EA. Argus set a $170.00 price objective on shares of Electronic Arts in a research report on Friday, May 16th. Roth Capital reiterated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, May 7th. Benchmark raised their price objective on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Finally, UBS Group increased their target price on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $161.88.

Electronic Arts Stock Down 0.5%

Electronic Arts stock traded down $0.75 during midday trading on Tuesday, hitting $150.35. 194,948 shares of the stock were exchanged, compared to its average volume of 2,749,766. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business's 50-day moving average price is $147.25 and its 200-day moving average price is $142.92. The stock has a market capitalization of $37.70 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71.

Electronic Arts Announces Dividend

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