Ninety One UK Ltd Reduces Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Ninety One UK Ltd lowered its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,077,711 shares of the game software company's stock after selling 7,115 shares during the quarter. Electronic Arts comprises approximately 1.7% of Ninety One UK Ltd's holdings, making the stock its 18th largest holding. Ninety One UK Ltd owned 1.52% of Electronic Arts worth $557,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company's stock worth $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. Norges Bank bought a new position in shares of Electronic Arts in the 4th quarter valued at about $270,382,000. Morgan Stanley grew its position in Electronic Arts by 62.1% in the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company's stock worth $390,128,000 after acquiring an additional 1,223,195 shares in the last quarter. Barclays PLC increased its stake in Electronic Arts by 265.0% during the second quarter. Barclays PLC now owns 1,516,792 shares of the game software company's stock worth $196,727,000 after acquiring an additional 1,101,229 shares during the last quarter. Finally, DNB Asset Management AS raised its position in 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 purchasing an additional 1,064,022 shares during the period. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Down 0.5 %

NASDAQ EA traded down $0.68 on Thursday, hitting $125.63. The stock had a trading volume of 1,389,542 shares, compared to its average volume of 2,044,055. The business's fifty day moving average price is $135.28 and its 200 day moving average price is $134.31. The stock has a market cap of $33.59 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53.

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

Electronic Arts Announces Dividend

The company 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 of this dividend was Tuesday, February 27th. Electronic Arts's payout ratio is 19.14%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EA. Wedbush reiterated an "outperform" rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating for the company in a research note on Wednesday, March 27th. Benchmark reissued a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Finally, BMO Capital Markets started coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They set an "outperform" rating and a $160.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $147.00.

Insider Buying and Selling

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares in the company, valued at approximately $2,362,397.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Laura Miele sold 2,000 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $132.82, for a total transaction of $265,640.00. Following the sale, the chief operating officer now directly owns 34,772 shares of the company's stock, valued at $4,618,417.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now owns 18,426 shares of the company's stock, valued at $2,362,397.46. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock valued at $5,143,560 over the last quarter. 0.20% of the stock is currently owned by company 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.