Taikang Asset Management Hong Kong Co Ltd Sells 4,856 Shares of Electronic Arts Inc. (NASDAQ:EA)

Taikang Asset Management Hong Kong Co Ltd lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,856 shares of the game software company’s stock after selling 4,856 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Electronic Arts were worth $710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Los Angeles Capital Management LLC boosted its holdings in shares of Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after buying an additional 989,319 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after purchasing an additional 314,388 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Electronic Arts by 165.7% in the fourth quarter. Teacher Retirement System of Texas now owns 417,817 shares of the game software company’s stock valued at $61,127,000 after purchasing an additional 260,567 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $34,334,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $144.55 on Tuesday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $37.67 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The firm’s 50 day simple moving average is $132.81 and its 200 day simple moving average is $144.61.

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

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Insider Buying and Selling

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,000 shares of company stock worth $3,166,740. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research note on Monday, January 27th. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Bank of America upped their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus reduced their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $155.65.

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.