Banco Bilbao Vizcaya Argentaria S.A. Sells 8,853 Shares of Electronic Arts Inc. $EA

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,284 shares of the game software company’s stock after selling 8,853 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned 0.06% of Electronic Arts worth $24,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Salomon & Ludwin LLC raised its holdings in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after acquiring an additional 68 shares during the last quarter. Bank of Jackson Hole Trust raised its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares in the last quarter. Frazier Financial Advisors LLC raised its holdings in shares of Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after buying an additional 148 shares in the last quarter. NewSquare Capital LLC lifted its stake in Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares during the last quarter. Finally, Costello Asset Management INC purchased a new stake in shares of Electronic Arts during the first quarter valued at approximately $40,000. 90.23% of the stock is owned by institutional investors.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total transaction of $504,475.00. Following the sale, the insider directly owned 53,092 shares in the company, valued at $10,713,434.68. This represents a 4.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.31, for a total transaction of $240,372.00. Following the sale, the insider owned 32,331 shares in the company, valued at $6,476,222.61. The trade was a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 38,200 shares of company stock worth $7,149,882. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Trading Down 0.3%

Shares of NASDAQ:EA opened at $201.34 on Friday. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $50.22 billion, a PE ratio of 58.87, a PEG ratio of 3.04 and a beta of 0.74. The business has a 50 day moving average of $191.57 and a two-hundred day moving average of $168.36.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $1.11 EPS. Electronic Arts’s revenue was down 12.6% compared to the same quarter last year. As a group, analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is presently 22.22%.

Analyst Ratings Changes

Several brokerages have commented on EA. HSBC lowered Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective for the company. in a research report on Monday, September 29th. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Roth Capital cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their target price for the company from $185.00 to $210.00 in a research note on Thursday, October 2nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Electronic Arts in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $181.64.

Electronic Arts Company 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.