Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Lessened by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 61.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,237 shares of the game software company's stock after selling 567,103 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.14% of Electronic Arts worth $53,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Electronic Arts in the 4th quarter valued at about $32,000. Millstone Evans Group LLC acquired a new stake in Electronic Arts during the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts in the 4th quarter valued at $41,000. Finally, OFI Invest Asset Management acquired a new position in shares of Electronic Arts during the fourth quarter worth about $42,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the transaction, the insider now directly owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,032,740 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Trading Up 0.0 %

EA traded up $0.01 on Thursday, reaching $145.10. 3,328,416 shares of the company's stock were exchanged, compared to its average volume of 2,664,657. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company's 50 day moving average is $140.53 and its 200-day moving average is $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $37.82 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Analysts Set New Price Targets

Several research firms have issued reports on EA. Morgan Stanley cut their price objective on Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Roth Mkm decreased their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target for the company. Oppenheimer increased their price objective on shares of Electronic Arts from $140.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $154.22.

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.