Electronic Arts Inc. $EA Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 59.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,634 shares of the game software company’s stock after selling 34,269 shares during the quarter. Candriam S.C.A.’s holdings in Electronic Arts were worth $3,775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of EA. Salomon & Ludwin LLC grew its position in Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares in the last quarter. Bank of Jackson Hole Trust lifted its stake 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 worth $30,000 after acquiring an additional 75 shares during the period. Frazier Financial Advisors LLC boosted its holdings in shares of Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after acquiring an additional 79 shares during the period. Finally, Costello Asset Management INC acquired a new position in shares of Electronic Arts during the first quarter valued at approximately $40,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Trading Down 0.1%

Shares of EA opened at $201.06 on Friday. The business’s 50-day moving average price is $192.22 and its 200 day moving average price is $168.90. 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 stock has a market capitalization of $50.15 billion, a P/E ratio of 58.79, a P/E/G ratio of 3.04 and a beta of 0.74. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75.

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

Electronic Arts Dividend Announcement

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

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $171.52, for a total transaction of $205,824.00. Following the transaction, the executive vice president directly owned 26,080 shares of the company’s stock, valued at approximately $4,473,241.60. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 6,500 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This represents a 55.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 38,200 shares of company stock worth $7,149,882. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EA. TD Cowen lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. BMO Capital Markets raised their target price on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Citigroup upped their price target on shares of Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, DZ Bank lowered shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $181.64.

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.