Walter Public Investments Inc. Trims Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Walter Public Investments Inc. lessened its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 70.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,281 shares of the game software company's stock after selling 80,903 shares during the quarter. Walter Public Investments Inc.'s holdings in Electronic Arts were worth $4,954,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EA. Capital International Investors raised its stake in Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after acquiring an additional 605,796 shares in the last quarter. Geode Capital Management LLC raised its stake in Electronic Arts by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock worth $978,650,000 after acquiring an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Electronic Arts by 6.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after acquiring an additional 270,991 shares in the last quarter. Northern Trust Corp raised its stake in Electronic Arts by 12.4% during the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock worth $476,540,000 after acquiring an additional 360,563 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Electronic Arts by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after acquiring an additional 120,632 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on EA shares. JPMorgan Chase & Co. boosted their target price on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Morgan Stanley boosted their target price on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Wedbush upgraded Electronic Arts to a "strong-buy" rating in a report on Tuesday, July 1st. Citigroup restated a "neutral" rating and set a $153.00 price target (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Finally, UBS Group boosted their price target on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.80.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total transaction of $151,320.00. Following the transaction, the chief financial officer directly owned 14,533 shares of the company's stock, valued at approximately $2,199,133.56. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $150.64, for a total value of $753,200.00. Following the transaction, the chief executive officer directly owned 62,393 shares in the company, valued at $9,398,881.52. This trade represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,729 shares of company stock worth $4,784,679 over the last ninety days. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Price Performance

Shares of EA traded down $1.40 during trading hours on Thursday, reaching $151.28. 976,499 shares of the company's stock traded hands, compared to its average volume of 2,815,401. The firm's 50 day simple moving average is $151.06 and its 200-day simple moving average is $142.52. The stock has a market cap of $38.01 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 2.07 and a beta of 0.73. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were given a $0.19 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts's payout ratio is 17.92%.

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.