Meeder Asset Management Inc. Sells 21,840 Shares of Electronic Arts Inc. $EA

Meeder Asset Management Inc. lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 49.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 22,095 shares of the game software company’s stock after selling 21,840 shares during the period. Meeder Asset Management Inc.’s holdings in Electronic Arts were worth $4,457,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. 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 purchasing an additional 68 shares during the period. MTM Investment Management LLC acquired a new position in Electronic Arts during the second quarter worth $30,000. Frazier Financial Advisors LLC lifted its stake 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 buying an additional 148 shares in the last quarter. NewSquare Capital LLC grew its holdings 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 buying an additional 79 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after acquiring an additional 95 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. Hsbc Global Res cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Cowen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group cut Electronic Arts from a “buy” rating to a “hold” rating and raised their price objective for the company from $200.00 to $210.00 in a research note on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $181.21.

Electronic Arts Stock Performance

Shares of EA opened at $204.10 on Monday. 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 $51.05 billion, a price-to-earnings ratio of 59.68, a PEG ratio of 2.41 and a beta of 0.73. The stock has a 50 day moving average of $202.90 and a 200 day moving average of $184.16. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $204.88.

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

Electronic Arts Dividend Announcement

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

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.06, for a total value of $502,650.00. Following the sale, the insider owned 55,648 shares of the company’s stock, valued at approximately $11,188,586.88. The trade was a 4.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $201.65, for a total transaction of $302,475.00. Following the completion of the transaction, the chief financial officer owned 5,595 shares in the company, valued at approximately $1,128,231.75. The trade was a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 122,469 shares of company stock valued at $24,650,681 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.