Electronic Arts Inc. $EA Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,748 shares of the game software company’s stock after selling 5,883 shares during the period. Daiwa Securities Group Inc.’s holdings in Electronic Arts were worth $12,208,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EA. Ameriflex Group Inc. lifted its stake in Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new position in Electronic Arts during the fourth quarter worth $44,000. Geneos Wealth Management Inc. lifted its stake in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares in the last quarter. Finally, Asset Dedication LLC lifted its stake in Electronic Arts by 333.3% during the third quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock worth $52,000 after purchasing an additional 200 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EA shares. Citigroup upped their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $196.64.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the transaction, the insider owned 45,843 shares of the company’s stock, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,066 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the transaction, the chief executive officer directly owned 85,974 shares in the company, valued at approximately $17,337,516.84. The trade was a 5.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 39,906 shares of company stock worth $8,032,336. 0.24% of the stock is owned by company insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $203.00 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Electronic Arts Inc. has a fifty-two week low of $145.54 and a fifty-two week high of $204.88. The firm has a market capitalization of $50.90 billion, a PE ratio of 58.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.65. The stock’s 50-day simple moving average is $202.21 and its 200-day simple moving average is $202.29.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Electronic Arts Company Profile

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.