US Bancorp DE Lowers Stock Holdings in Electronic Arts Inc. $EA

Key Points

• US Bancorp DE cut its stake in Electronic Arts by 8.8%, selling 9,020 shares and retaining 93,112 shares valued at about $19.03 million.
• Other institutional moves include Pentwater opening a new position worth about $968 million and Ameriprise boosting its stake to 4.217 million shares (~$673 million), with institutions now owning 90.23% of EA.
• Insiders have been net sellers (27,600 shares worth $5.54 million in the past 90 days); EA trades near its 1‑year high with a market cap of ~$50.6 billion, a P/E of ~76, and an analyst consensus of Hold (avg. target $188.30).

US Bancorp DE lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,112 shares of the game software company's stock after selling 9,020 shares during the period. US Bancorp DE's holdings in Electronic Arts were worth $19,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EA. Pentwater Capital Management LP purchased a new position in shares of Electronic Arts during the third quarter worth about $968,160,000. Ameriprise Financial Inc. lifted its stake in Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company's stock worth $673,393,000 after purchasing an additional 1,300,336 shares during the last quarter. Man Group plc boosted its holdings in shares of Electronic Arts by 165.5% in the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company's stock worth $204,296,000 after purchasing an additional 797,461 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in shares of Electronic Arts in the 3rd quarter worth about $156,760,000. Finally, First Trust Advisors LP boosted its stake in Electronic Arts by 26.3% in the third quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company's stock worth $619,127,000 after buying an additional 638,667 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total transaction of $498,825.00. Following the transaction, the insider owned 48,343 shares in the company, valued at approximately $9,645,878.79. This represents a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total value of $243,900.00. Following the completion of the sale, the insider directly owned 28,760 shares in the company, valued at approximately $5,845,470. The trade was a 4.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 27,600 shares of company stock worth $5,544,159 in the last ninety days. Insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $202.09 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm has a market cap of $50.57 billion, a P/E ratio of 75.97, a P/E/G ratio of 2.18 and a beta of 0.73. Electronic Arts Inc. has a 1-year low of $141.19 and a 1-year high of $204.88. The firm has a 50-day moving average of $201.84 and a 200-day moving average of $202.17.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup decreased their target price on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $188.30.

Electronic Arts Company 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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