Quilter Plc Cuts Stake in Electronic Arts Inc. (NASDAQ:EA)

Quilter Plc lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 79.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,108 shares of the game software company's stock after selling 40,052 shares during the period. Quilter Plc's holdings in Electronic Arts were worth $1,461,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Nomura Holdings Inc. lifted its position in Electronic Arts by 11.7% in the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after purchasing an additional 3,259 shares during the last quarter. Huntington National Bank raised its holdings in Electronic Arts by 31.4% during the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after buying an additional 80,968 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after acquiring an additional 36,153 shares during the last quarter. Amundi boosted its holdings in shares of Electronic Arts by 4.3% during the fourth quarter. Amundi now owns 2,990,729 shares of the game software company's stock worth $431,315,000 after purchasing an additional 122,494 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Electronic Arts by 11,587.9% in the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock worth $96,737,000 after purchasing an additional 663,640 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts 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 sale, the insider now owns 40,189 shares of the company's stock, valued at $6,252,202.73. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,229 shares of company stock valued at $4,371,399 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of EA opened at $157.73 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 market capitalization of $39.63 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 2.14 and a beta of 0.71. The firm has a 50 day moving average of $149.16 and a 200 day moving average of $142.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group increased their price objective on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Oppenheimer raised their price target on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Ascendiant Capital Markets boosted their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Wednesday, May 7th. Finally, Citigroup reissued a "neutral" rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.80.

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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