Flossbach Von Storch AG Sells 17,843 Shares of Electronic Arts Inc. (NASDAQ:EA)

Flossbach Von Storch AG trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,042 shares of the game software company's stock after selling 17,843 shares during the quarter. Flossbach Von Storch AG's holdings in Electronic Arts were worth $16,833,000 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. Vanguard Group Inc. increased its stake in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company's stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the period. Norges Bank purchased a new position in shares of Electronic Arts during the fourth quarter valued at $270,382,000. Morgan Stanley increased its stake in shares of Electronic Arts by 62.1% during the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company's stock valued at $390,128,000 after buying an additional 1,223,195 shares during the period. Barclays PLC increased its stake in shares of Electronic Arts by 265.0% during the second quarter. Barclays PLC now owns 1,516,792 shares of the game software company's stock valued at $196,727,000 after buying an additional 1,101,229 shares during the period. Finally, DNB Asset Management AS increased its stake in shares of Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company's stock valued at $322,494,000 after buying an additional 1,064,022 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Electronic Arts in a research note on Tuesday, January 9th. They set an "outperform" rating and a $160.00 price target on the stock. Wedbush restated an "outperform" rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Stifel Nicolaus boosted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Finally, UBS Group dropped their price target on Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.

Electronic Arts Trading Down 0.2 %

Shares of Electronic Arts stock traded down $0.24 during trading hours on Wednesday, hitting $126.31. The company's stock had a trading volume of 1,699,167 shares, compared to its average volume of 2,052,901. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The firm has a fifty day moving average of $135.28 and a 200-day moving average of $134.31. The stock has a market cap of $33.77 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 1.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $2.29 EPS. Electronic Arts's revenue was up 1.0% on a year-over-year basis. Research analysts forecast that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts's payout ratio is presently 19.14%.

Insider Activity

In related news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total transaction of $347,200.00. Following the completion of the sale, the chief executive officer now owns 30,930 shares in the company, valued at $4,295,558.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total transaction of $347,200.00. Following the completion of the sale, the chief executive officer now owns 30,930 shares in the company, valued at $4,295,558.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now owns 20,258 shares of the company's stock, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,144 shares of company stock worth $5,143,560. 0.20% of the stock is currently owned by company insiders.

About Electronic Arts

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.

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.