Voya Investment Management LLC Trims Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Voya Investment Management LLC lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 7.2% in the 4th quarter, HoldingsChannel reports. 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.

Other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter worth about $32,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth about $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts in the fourth quarter valued at approximately $41,000. Finally, OFI Invest Asset Management acquired a new position in shares of Electronic Arts in the fourth quarter valued at approximately $42,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Bank of America increased their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Morgan Stanley lowered their target price on Electronic Arts from $150.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Oppenheimer lifted their price objective on Electronic Arts from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Friday, January 31st. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $154.22.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $146.72 on Tuesday. The firm’s fifty day simple moving average is $139.70 and its 200-day simple moving average is $144.51. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock has a market capitalization of $38.24 billion, a price-to-earnings ratio of 37.33, a PEG 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 earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. As a group, equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. 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 dividend payout ratio (DPR) is 19.34%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’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 sale, the insider now owns 28,216 shares of the company’s stock, valued at approximately $3,443,198.48. The trade was 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 this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total transaction of $726,850.00. Following the completion of the transaction, the chief executive officer now directly owns 27,615 shares of the company’s stock, valued at approximately $4,014,392.55. This trade represents a 15.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,032,740 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

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.