Massachusetts Financial Services Co. MA Has $185.63 Million Holdings in Electronic Arts Inc. $EA

Key Points

• Massachusetts Financial Services Co. cut its stake in Electronic Arts by 48.8% in Q4, selling 866,506 shares and retaining 908,465 shares worth about $185.63 million (~0.36% of EA).
• Analysts have an average rating of "Hold" with an average target of $188.30, while EA trades around $202.74 (market cap ~$50.7B) and carries a high P/E of 76.22.
• Corporate insiders have sold recently (27,600 shares worth about $5.55M in the last 90 days) even as institutional investors own about 90.23% of the stock and insiders hold just 0.24%.

Massachusetts Financial Services Co. MA lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 48.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 908,465 shares of the game software company's stock after selling 866,506 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.36% of Electronic Arts worth $185,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EA. EverSource Wealth Advisors LLC raised its holdings in shares of Electronic Arts by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company's stock worth $425,000 after buying an additional 50 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company's stock worth $965,000 after buying an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company's stock worth $212,000 after buying an additional 59 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of Electronic Arts by 3.6% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company's stock worth $392,000 after buying an additional 67 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Electronic Arts by 20.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company's stock worth $80,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group reissued a "neutral" rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup dropped their price target on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Electronic Arts currently has an average rating of "Hold" and an average target price of $188.30.

Electronic Arts Price Performance

Shares of EA opened at $202.74 on Monday. The firm has a market capitalization of $50.74 billion, a price-to-earnings ratio of 76.22, a PEG ratio of 2.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The business's fifty day moving average price is $201.16 and its two-hundred day moving average price is $201.70. Electronic Arts Inc. has a 52 week low of $137.93 and a 52 week high of $204.88.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts's dividend payout ratio (DPR) is presently 28.57%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the transaction, the insider directly owned 45,843 shares in the company, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the transaction, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. The trade was a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,600 shares of company stock valued at $5,553,319 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Profile

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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