Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 832,625 shares of the game software company’s stock after selling 10,500 shares during the period. Primecap Management Co. CA’s holdings in Electronic Arts were worth $113,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position 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 valued at $3,086,621,000 after purchasing an additional 3,600,388 shares during the period. Norges Bank acquired a new position in shares of Electronic Arts in the fourth quarter worth about $281,054,000. DNB Asset Management AS increased its position in shares of Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after acquiring an additional 1,064,022 shares in the last quarter. Morgan Stanley raised its holdings in shares of Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares during the period. Finally, Glenmede Trust Co. NA raised its holdings in shares of Electronic Arts by 1,294.1% during the third quarter. Glenmede Trust Co. NA now owns 340,021 shares of the game software company’s stock valued at $40,939,000 after acquiring an additional 315,631 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Oppenheimer reiterated an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a report on Tuesday, April 23rd. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Wedbush reissued an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, May 8th. Finally, Roth Mkm lowered their price objective on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded up $0.66 during trading on Friday, reaching $135.06. The stock had a trading volume of 1,648,650 shares, compared to its average volume of 2,440,134. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $129.53 and a two-hundred day simple moving average of $134.75. The firm has a market capitalization of $35.98 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 2.14 and a beta of 0.78. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Wednesday, May 29th. Electronic Arts’s dividend payout ratio is 16.24%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the transaction, the insider now directly owns 27,883 shares of the company’s stock, valued at approximately $3,877,967.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the sale, the chief executive officer now owns 66,747 shares in the company, valued at $8,954,110.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the sale, the insider now directly owns 27,883 shares in the company, valued at $3,877,967.64. The disclosure for this sale can be found here. Insiders sold 26,539 shares of company stock worth $3,532,914 over the last ninety days. Company insiders own 0.20% of the company’s stock.

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.