Kestra Advisory Services LLC Decreases Position in Electronic Arts Inc. $EA

Key Points

• Kestra Advisory Services LLC sold 8,300 shares of Electronic Arts Inc., reducing its holding by 60.1% to 5,519 shares worth approximately $798,000.
• Other institutional investors, including Nomura Holdings and GAMMA Investing LLC, have recently increased their stakes in Electronic Arts.
• Electronic Arts announced a quarterly dividend of $0.19 to be paid on September 17th, reflecting an annualized yield of 0.4% and a payout ratio of 19.05%.

Kestra Advisory Services LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 60.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,519 shares of the game software company's stock after selling 8,300 shares during the period. Kestra Advisory Services LLC's holdings in Electronic Arts were worth $798,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EA. Ameriprise Financial Inc. boosted its position in Electronic Arts by 197.5% during the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock valued at $421,524,000 after acquiring an additional 1,936,313 shares during the last quarter. Nuveen LLC acquired a new position in shares of Electronic Arts during the first quarter valued at about $203,537,000. Goldman Sachs Group Inc. lifted its position in Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after acquiring an additional 1,254,194 shares in the last quarter. ING Groep NV lifted its position in Electronic Arts by 3,477.8% in the 1st quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock valued at $168,185,000 after acquiring an additional 1,131,220 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Electronic Arts by 300.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,454,006 shares of the game software company's stock valued at $210,134,000 after buying an additional 1,090,769 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Up 0.4%

Shares of EA traded up $0.59 during trading hours on Friday, reaching $168.62. 2,205,511 shares of the company traded hands, compared to its average volume of 3,435,877. The company's fifty day moving average price is $161.56 and its two-hundred day moving average price is $150.08. The company has a market capitalization of $42.19 billion, a price-to-earnings ratio of 42.26, a price-to-earnings-growth ratio of 2.17 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.5%. Electronic Arts's payout ratio is presently 19.05%.

Wall Street Analyst Weigh In

Several research analysts recently commented on EA shares. UBS Group set a $167.00 price objective on shares of Electronic Arts and gave the stock a "neutral" rating in a report on Friday, August 1st. Wedbush restated an "outperform" rating and set a $210.00 price objective on shares of Electronic Arts in a research report on Monday, August 25th. Argus set a $170.00 price objective on shares of Electronic Arts in a research report on Friday, May 16th. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 target price on the stock in a research report on Tuesday, August 5th. Finally, Citigroup reiterated a "neutral" rating and issued a $153.00 target price (up previously from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, Electronic Arts has an average rating of "Moderate Buy" and a consensus target price of $167.12.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the completion of the transaction, the insider directly owned 55,592 shares in the company, valued at $9,544,590.48. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,200 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $174.65, for a total value of $209,580.00. Following the transaction, the executive vice president owned 27,248 shares of the company's stock, valued at $4,758,863.20. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,900 shares of company stock valued at $4,778,597 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

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.