Electronic Arts Inc. (NASDAQ:EA) Stock Position Reduced by USS Investment Management Ltd

USS Investment Management Ltd trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,165 shares of the game software company's stock after selling 5,913 shares during the period. USS Investment Management Ltd's holdings in Electronic Arts were worth $7,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Swedbank AB lifted its holdings in Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after purchasing an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Electronic Arts in the fourth quarter valued at approximately $217,000. Huntington National Bank lifted its stake in shares of Electronic Arts by 31.4% during the fourth 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 period. Charles Schwab Investment Management Inc. lifted 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 buying an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD acquired a new stake in Electronic Arts during the fourth quarter worth approximately $3,730,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EA has been the subject of several analyst reports. Ascendiant Capital Markets boosted their price target on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Morgan Stanley lifted their price objective on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 target price on the stock. TD Cowen raised their price target on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Argus set a $170.00 price target on Electronic Arts in a report on Friday, May 16th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $161.29.

Electronic Arts Stock Down 0.3%

Shares of NASDAQ EA traded down $0.39 on Tuesday, hitting $146.50. The company had a trading volume of 489,148 shares, compared to its average volume of 2,722,600. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market capitalization of $36.74 billion, a P/E ratio of 37.31, a PEG ratio of 3.58 and a beta of 0.74. The business has a 50 day moving average of $145.59 and a two-hundred day moving average of $144.68.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts's dividend payout ratio is currently 17.92%.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the transaction, the insider now directly owns 40,189 shares in the company, valued at approximately $6,252,202.73. The trade was a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,729 shares of company stock worth $4,107,664 in the last quarter. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Company 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.