Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Cut by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 668,930 shares of the game software company’s stock after selling 41,200 shares during the quarter. Primecap Management Co. CA owned about 0.26% of Electronic Arts worth $97,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Electronic Arts by 8.1% during the 4th quarter. Signaturefd LLC now owns 4,724 shares of the game software company’s stock valued at $691,000 after purchasing an additional 353 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Electronic Arts by 6.1% during the 4th quarter. Parallel Advisors LLC now owns 4,774 shares of the game software company’s stock worth $698,000 after acquiring an additional 273 shares in the last quarter. Cibc World Markets Corp boosted its stake in shares of Electronic Arts by 2.2% during the 4th quarter. Cibc World Markets Corp now owns 156,665 shares of the game software company’s stock worth $22,920,000 after acquiring an additional 3,374 shares in the last quarter. Addison Capital Co boosted its stake in shares of Electronic Arts by 9.3% during the 4th quarter. Addison Capital Co now owns 2,994 shares of the game software company’s stock worth $438,000 after acquiring an additional 256 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Electronic Arts by 6.2% during the 4th quarter. Natixis Advisors LLC now owns 279,554 shares of the game software company’s stock worth $40,898,000 after acquiring an additional 16,256 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Price Performance

NASDAQ EA opened at $141.87 on Wednesday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock’s 50-day moving average is $132.75 and its two-hundred day moving average is $144.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $36.97 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EA shares. BMO Capital Markets reduced their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Benchmark reduced their price objective on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. DA Davidson started coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price for the company. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $154.78.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now directly owns 8,750 shares in the company, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares in the company, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock worth $3,194,240 over the last three months. Corporate insiders own 0.22% of the company’s stock.

About Electronic Arts

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.