Rathbones Group PLC Sells 163,243 Shares of Electronic Arts Inc. $EA

Key Points

• Rathbones Group PLC cut its Electronic Arts stake by 84.5% in Q4, selling 163,243 shares and leaving 29,993 shares valued at about $6.13 million.
• Market and ownership context: Institutional investors hold 90.23% of EA, insiders sold 27,600 shares (~$5.55M) in the past 90 days (insiders own 0.24%), and analysts have a consensus "Hold" with a $188.30 price target while the stock trades near $204 with a P/E of 76.75.

Rathbones Group PLC cut its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 84.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,993 shares of the game software company's stock after selling 163,243 shares during the period. Rathbones Group PLC's holdings in Electronic Arts were worth $6,128,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Electronic Arts by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company's stock valued at $425,000 after purchasing an additional 50 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Electronic Arts by 1.2% during the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company's stock valued at $965,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Electronic Arts by 5.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company's stock valued at $212,000 after purchasing an additional 59 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company's stock valued at $392,000 after purchasing an additional 67 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Electronic Arts by 20.5% during the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company's stock valued at $80,000 after purchasing an additional 68 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Trading Up 0.3%

Shares of NASDAQ:EA opened at $204.16 on Tuesday. Electronic Arts Inc. has a 12 month low of $131.15 and a 12 month high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The company's fifty day simple moving average is $201.23 and its 200 day simple moving average is $200.82. The firm has a market cap of $51.09 billion, a price-to-earnings ratio of 76.75, a PEG ratio of 2.19 and a beta of 0.73.

Electronic Arts Dividend Announcement

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

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $499,875.00. Following the sale, the insider directly owned 45,843 shares in the company, valued at approximately $9,166,307.85. The trade was a 5.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the sale, 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 27,600 shares of company stock valued at $5,553,319. Insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

EA has been the topic of several research analyst reports. UBS Group reissued a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup decreased their price target on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $188.30.

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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