Ossiam Sells 19,736 Shares of Electronic Arts Inc. $EA

Key Points

• Ossiam reduced its stake in Electronic Arts by 28.2% in Q3, selling 19,736 shares and leaving it with 50,252 shares valued at about $10.14 million.
• Company insiders have been selling: CEO Andrew Wilson sold 5,000 shares at $199.50 and CFO Stuart Canfield sold 1,500 at $199.90, with insiders offloading a total of 27,600 shares (~$5.59 million) in the past 90 days.
• Analysts' consensus is a "Hold" with an average price target of $188.30; EA trades near $199, has a market cap of about $49.9B and a P/E of 74.9, and recently declared a quarterly dividend of $0.19 (0.4% yield).

Ossiam cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 28.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,252 shares of the game software company's stock after selling 19,736 shares during the quarter. Ossiam's holdings in Electronic Arts were worth $10,136,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ameriflex Group Inc. raised its stake in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company's stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in Electronic Arts in the 3rd quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company's stock worth $34,000 after purchasing an additional 95 shares during the last quarter. MTM Investment Management LLC bought a new position in shares of Electronic Arts during the 2nd quarter worth about $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 2nd quarter worth about $37,000. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.50, for a total value of $997,500.00. Following the sale, the chief executive officer directly owned 33,858 shares in the company, valued at approximately $6,754,671. This represents a 12.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was 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 directly owned 5,897 shares of the company's stock, valued at approximately $1,178,810.30. The trade was a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,600 shares of company stock valued at $5,589,823 over the last ninety days. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EA shares. Zacks Research cut shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 19th. Citigroup cut 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. Finally, UBS Group reissued a "neutral" rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $188.30.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $199.24 on Friday. 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 firm's 50-day simple moving average is $201.93 and its 200-day simple moving average is $196.92. Electronic Arts Inc. has a twelve month low of $131.15 and a twelve month high of $204.88. The firm has a market cap of $49.86 billion, a P/E ratio of 74.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.75.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is currently 28.57%.

About Electronic Arts

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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