Xponance Inc. Sells 1,606 Shares of Electronic Arts Inc. (NASDAQ:EA)

Xponance Inc. trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,083 shares of the game software company’s stock after selling 1,606 shares during the quarter. Xponance Inc.’s holdings in Electronic Arts were worth $7,527,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors lifted its stake in Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock valued at $1,778,553,000 after purchasing an additional 605,796 shares during the last quarter. Geode Capital Management LLC raised its stake in Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock valued at $978,650,000 after buying an additional 30,929 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock valued at $648,169,000 after buying an additional 270,991 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Electronic Arts by 12.4% during the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company’s stock worth $476,540,000 after acquiring an additional 360,563 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company’s stock worth $472,362,000 after acquiring an additional 120,632 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total value of $398,750.00. Following the completion of the transaction, the insider owned 60,592 shares of the company’s stock, valued at $9,664,424. This represents a 3.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $150.64, for a total transaction of $753,200.00. Following the completion of the sale, the chief executive officer owned 62,393 shares in the company, valued at $9,398,881.52. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,729 shares of company stock worth $4,784,679. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EA. TD Cowen increased their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Wedbush raised shares of Electronic Arts to a “strong-buy” rating in a report on Tuesday, July 1st. Roth Capital upgraded Electronic Arts from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $175.00 to $185.00 in a report on Tuesday, June 24th. Argus set a $170.00 target price on Electronic Arts in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their price target on Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Fourteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $162.71.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $148.69 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The company has a market cap of $37.36 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.73. The company has a 50 day moving average of $151.14 and a 200-day moving average of $142.50. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Wednesday, May 28th. Electronic Arts’s dividend payout ratio is presently 17.92%.

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.