TD Asset Management Inc. Cuts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

TD Asset Management Inc. trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 664,205 shares of the game software company’s stock after selling 65,731 shares during the quarter. TD Asset Management Inc.’s holdings in Electronic Arts were worth $97,173,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB increased its position in shares of Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the period. Atomi Financial Group Inc. purchased a new stake in Electronic Arts during the 4th quarter worth about $217,000. Charles Schwab Investment Management Inc. raised its position in Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after purchasing an additional 36,153 shares in the last quarter. Fisher Funds Management LTD purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Electronic Arts during the fourth quarter worth about $13,845,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of EA opened at $144.50 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a 50-day simple moving average of $132.86 and a 200-day simple moving average of $144.61. The company has a market capitalization of $37.66 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

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

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the completion of the transaction, the chief financial officer now owns 8,750 shares in the company, valued at approximately $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,000 shares of company stock valued at $3,166,740. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

EA has been the subject of a number of recent research reports. Benchmark lifted their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird decreased their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Stifel Nicolaus dropped their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Citigroup cut their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $155.65.

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.