AGF Management Ltd. Sells 4,774 Shares of Electronic Arts Inc. (NASDAQ:EA)

AGF Management Ltd. lessened its stake in Electronic Arts Inc. (NASDAQ:EAFree Report) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,881 shares of the game software company’s stock after selling 4,774 shares during the quarter. AGF Management Ltd.’s holdings in Electronic Arts were worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EA. Leith Wheeler Investment Counsel Ltd. raised its holdings in Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after purchasing an additional 154,989 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth approximately $30,000. Venturi Wealth Management LLC raised its stake in shares of Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after buying an additional 102 shares during the last quarter. CVA Family Office LLC acquired a new position in Electronic Arts in the fourth quarter valued at approximately $38,000. Finally, MCF Advisors LLC boosted its stake in Electronic Arts by 36.9% in the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after acquiring an additional 96 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on EA. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Tuesday, April 23rd. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Robert W. Baird decreased their target price on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Roth Mkm lowered their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Get Our Latest Research Report on EA

Insider Buying and Selling at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $140.26, for a total value of $210,390.00. Following the completion of the sale, the chief financial officer now owns 4,894 shares of the company’s stock, valued at $686,432.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now owns 20,258 shares in the company, valued at $2,901,755.92. The disclosure for this sale can be found here. Insiders have sold a total of 32,272 shares of company stock worth $4,420,459 over the last ninety days. Insiders own 0.20% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $126.59 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $33.84 billion, a P/E ratio of 27.05, a P/E/G ratio of 2.02 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The stock has a 50 day moving average of $130.31 and a 200-day moving average of $134.56.

Electronic Arts Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Electronic Arts Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.