Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,358,981 shares of the game software company's stock after selling 4,037 shares during the period. Nuveen Asset Management LLC owned 0.52% of Electronic Arts worth $198,819,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EA. Pinnacle Bancorp Inc. boosted its holdings in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $32,000. LGT Financial Advisors LLC bought a new position in Electronic Arts during the fourth quarter valued at about $33,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $37,000. Finally, SBI Securities Co. Ltd. bought a new stake in Electronic Arts in the fourth quarter valued at about $41,000. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $149.64, for a total transaction of $224,460.00. Following the sale, the executive vice president now directly owns 17,533 shares in the company, valued at $2,623,638.12. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,500 shares of company stock worth $3,342,580 over the last three months. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Performance

NASDAQ:EA traded down $1.06 during mid-day trading on Monday, hitting $150.48. 3,990,533 shares of the company traded hands, compared to its average volume of 2,730,874. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The stock's fifty day moving average price is $144.51 and its 200-day moving average price is $144.98. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Roth Capital reaffirmed a "neutral" rating on shares of Electronic Arts in a report on Wednesday, May 7th. BMO Capital Markets cut 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 report on Wednesday, February 5th. TD Cowen increased their price target on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Finally, Wedbush lifted their price objective 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 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $161.29.

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.