WBI Investments LLC Trims Position in Electronic Arts Inc. (NASDAQ:EA)

WBI Investments LLC trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 64.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,213 shares of the game software company's stock after selling 4,059 shares during the period. WBI Investments LLC's holdings in Electronic Arts were worth $324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB raised its holdings in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after buying an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Electronic Arts during the fourth quarter worth about $217,000. Huntington National Bank increased 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 worth $49,577,000 after acquiring an additional 80,968 shares during the period. Charles Schwab Investment Management Inc. increased 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 worth $213,089,000 after acquiring an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD acquired a new position in shares of Electronic Arts during the fourth quarter worth about $3,730,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.7%

EA stock opened at $150.48 on Tuesday. The company's 50 day simple moving average is $144.79 and its 200-day simple moving average is $144.97. The firm has a market capitalization of $37.74 billion, a PE ratio of 38.29, a P/E/G ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's payout ratio is 17.92%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EA shares. TD Cowen boosted their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets dropped their price target on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Oppenheimer boosted their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Benchmark boosted their price target on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $161.29.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. This represents a 11.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the transaction, the executive vice president now directly owns 19,033 shares in the company, valued at approximately $2,772,156.45. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,500 shares of company stock valued at $3,342,580. Company insiders own 0.22% of the company's stock.

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.

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