Value Partners Investments Inc. Sells 296,187 Shares of Electronic Arts Inc. (NASDAQ:EA)

Value Partners Investments Inc. decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 92.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,753 shares of the game software company's stock after selling 296,187 shares during the period. Electronic Arts accounts for about 2.1% of Value Partners Investments Inc.'s holdings, making the stock its 18th largest holding. Value Partners Investments Inc.'s holdings in Electronic Arts were worth $3,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mackenzie Financial Corp raised its stake in Electronic Arts by 24.2% in the fourth quarter. Mackenzie Financial Corp now owns 142,282 shares of the game software company's stock worth $20,816,000 after buying an additional 27,680 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Electronic Arts by 17.3% during the 4th quarter. Forum Financial Management LP now owns 2,895 shares of the game software company's stock worth $424,000 after acquiring an additional 427 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of Electronic Arts in the 4th quarter worth approximately $2,354,000. Toronto Dominion Bank lifted its stake in shares of Electronic Arts by 9.5% in the 4th quarter. Toronto Dominion Bank now owns 137,319 shares of the game software company's stock valued at $20,090,000 after purchasing an additional 11,891 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $7,272,000. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares of the company's stock, valued at approximately $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the 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 completion of the transaction, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,729 shares of company stock worth $4,107,664. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports 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. Bank of America increased their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Wednesday, May 7th. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Finally, Wedbush lifted their target price on shares of Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $161.88.

Electronic Arts Stock Performance

Shares of EA traded down $4.04 during mid-day trading on Thursday, hitting $142.84. 3,517,025 shares of the company traded hands, compared to its average volume of 2,733,986. The stock has a market cap of $35.82 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 3.58 and a beta of 0.74. The stock has a 50-day moving average price of $145.71 and a two-hundred day moving average price of $144.71. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts's dividend payout ratio is presently 17.92%.

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.