Marathon Asset Management Ltd Sells 22,610 Shares of Electronic Arts Inc. (NASDAQ:EA)

Marathon Asset Management Ltd lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 8.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 245,681 shares of the game software company's stock after selling 22,610 shares during the period. Marathon Asset Management Ltd owned about 0.09% of Electronic Arts worth $35,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Putney Financial Group LLC bought a new stake in Electronic Arts during the 4th quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the 1st quarter worth $28,000. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $32,000. LGT Financial Advisors LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at about $37,000. Institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EA shares. Morgan Stanley increased their price target on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Moffett Nathanson reissued a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Citigroup reissued a "neutral" rating and issued a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird set a $168.00 target price on Electronic Arts in a research note on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $162.80.

Electronic Arts Stock Up 0.0%

EA stock opened at $157.74 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average is $149.40 and its 200-day moving average is $142.49. The firm has a market capitalization of $39.64 billion, a PE ratio of 37.20, a P/E/G ratio of 2.14 and a beta of 0.71.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were issued a $0.19 dividend. The ex-dividend date of this dividend 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 is presently 17.92%.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 6,563 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total value of $992,194.34. Following the transaction, the chief executive officer now owns 70,059 shares of the company's stock, valued at approximately $10,591,519.62. The trade was a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the transaction, the insider now directly owns 40,189 shares in the company, valued at approximately $6,252,202.73. This represents a 5.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,229 shares of company stock worth $4,371,399 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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.

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