MetLife Investment Management LLC Sells 1,537 Shares of Electronic Arts Inc. $EA

Key Points

• MetLife Investment Management LLC reduced its stake in Electronic Arts Inc. by 2.4%, selling 1,537 shares and ending the quarter with 62,082 shares valued at approximately $8.97 million.
• CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock, which is an 8.71% decrease in his ownership, while the company's executives combined sold 26,200 shares valued at over $4.14 million in the last 90 days.
• Analysts have generally given Electronic Arts a "Moderate Buy" rating, with a consensus price target of $167.12, indicating optimistic sentiment on stock performance.

MetLife Investment Management LLC lowered its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,082 shares of the game software company's stock after selling 1,537 shares during the quarter. MetLife Investment Management LLC's holdings in Electronic Arts were worth $8,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Independent Franchise Partners LLP lifted its stake in Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock valued at $570,233,000 after buying an additional 88,767 shares in the last quarter. Groupe la Francaise lifted its stake in Electronic Arts by 4.7% in the first quarter. Groupe la Francaise now owns 25,244 shares of the game software company's stock valued at $3,668,000 after buying an additional 1,130 shares in the last quarter. Allstate Corp lifted its stake in Electronic Arts by 30.8% in the first quarter. Allstate Corp now owns 9,757 shares of the game software company's stock valued at $1,410,000 after buying an additional 2,300 shares in the last quarter. Compound Planning Inc. lifted its stake in Electronic Arts by 20.5% in the first quarter. Compound Planning Inc. now owns 1,783 shares of the game software company's stock valued at $258,000 after buying an additional 303 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Electronic Arts by 197.5% in 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 buying an additional 1,936,313 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares in the company, valued at $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $148.69, for a total transaction of $223,035.00. Following the completion of the transaction, the executive vice president owned 29,948 shares in the company, valued at approximately $4,452,968.12. This represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,200 shares of company stock valued at $4,142,660. Corporate insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Hsbc Global Res raised shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Citigroup reissued a "neutral" rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Finally, DA Davidson boosted their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $167.12.

Electronic Arts Price Performance

Shares of EA opened at $172.23 on Wednesday. The company has a market cap of $43.09 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 2.23 and a beta of 0.72. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The company's fifty day simple moving average is $159.28 and its 200 day simple moving average is $148.28. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's payout ratio is currently 19.05%.

Electronic Arts 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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