Price T Rowe Associates Inc. MD Sells 567,103 Shares of Electronic Arts Inc. (NASDAQ:EA)

Price T Rowe Associates Inc. MD trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 61.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.14% of Electronic Arts worth $53,143,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EA. Pinebridge Investments L.P. boosted its position in shares of Electronic Arts by 37.0% in the fourth quarter. Pinebridge Investments L.P. now owns 102,672 shares of the game software company’s stock worth $15,021,000 after purchasing an additional 27,749 shares during the period. Dark Forest Capital Management LP boosted its position in shares of Electronic Arts by 145.9% in the fourth quarter. Dark Forest Capital Management LP now owns 4,266 shares of the game software company’s stock worth $624,000 after purchasing an additional 2,531 shares during the period. Soros Capital Management LLC bought a new position in shares of Electronic Arts in the fourth quarter worth approximately $8,749,000. J. Safra Sarasin Holding AG boosted its position in shares of Electronic Arts by 877.7% in the fourth quarter. J. Safra Sarasin Holding AG now owns 151,752 shares of the game software company’s stock worth $22,201,000 after purchasing an additional 136,230 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Electronic Arts by 2.5% in the fourth quarter. Stifel Financial Corp now owns 172,667 shares of the game software company’s stock worth $25,270,000 after purchasing an additional 4,154 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EA shares. StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. 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. UBS Group boosted their target price on Electronic Arts from $138.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Benchmark raised their price target on Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 24th. Finally, Oppenheimer upped their price objective on Electronic Arts from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday. 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 company has an average rating of “Hold” and an average price target of $154.22.

Electronic Arts Stock Up 0.1 %

Shares of NASDAQ:EA opened at $146.72 on Tuesday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The business has a 50 day simple moving average of $139.70 and a two-hundred day simple moving average of $144.51. The firm has a market capitalization of $38.24 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. On average, equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts’s payout ratio is 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,000 shares of company stock worth $3,032,740. Company insiders own 0.22% 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.