Voya Investment Management LLC Sells 5,709 Shares of Electronic Arts Inc. (NASDAQ:EA)

Voya Investment Management LLC cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,057 shares of the game software company's stock after selling 5,709 shares during the quarter. Voya Investment Management LLC's holdings in Electronic Arts were worth $10,835,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EA. Wilmington Savings Fund Society FSB bought a new position in Electronic Arts during the 3rd quarter worth approximately $428,000. Tidal Investments LLC grew its holdings in shares of Electronic Arts by 20.6% in the third quarter. Tidal Investments LLC now owns 45,630 shares of the game software company's stock worth $6,545,000 after purchasing an additional 7,786 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Electronic Arts by 8.4% in the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock worth $124,548,000 after purchasing an additional 66,797 shares during the last quarter. Inspire Trust Co. N.A. increased its stake in shares of Electronic Arts by 47.4% in the third quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company's stock worth $2,008,000 after buying an additional 4,499 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Electronic Arts by 9,280.0% during the 4th quarter. Versant Capital Management Inc now owns 469 shares of the game software company's stock valued at $69,000 after buying an additional 464 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on EA. Bank of America upped their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Wedbush reiterated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. UBS Group upped their target price on Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $154.22.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares of the company's stock, valued at $3,443,198.48. This represents a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 19,033 shares in the company, valued at approximately $2,772,156.45. The trade was a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,000 shares of company stock worth $3,178,300. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Up 4.1 %

Shares of NASDAQ EA traded up $6.00 during midday trading on Friday, hitting $151.10. The stock had a trading volume of 5,109,190 shares, compared to its average volume of 2,683,048. The business's 50 day moving average is $140.91 and its 200-day moving average is $144.56. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $39.38 billion, a P/E ratio of 38.45, a PEG ratio of 3.58 and a beta of 0.74.

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

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.