Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.7% in the third quarter, Holdings Channel reports. The institutional investor owned 213,441 shares of the game software company’s stock after selling 33,873 shares during the quarter. Martingale Asset Management L P’s holdings in Electronic Arts were worth $30,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vinva Investment Management Ltd increased its holdings in shares of Electronic Arts by 91.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 107,257 shares of the game software company’s stock worth $15,515,000 after buying an additional 51,102 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Electronic Arts by 11.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,869 shares of the game software company’s stock valued at $1,272,000 after purchasing an additional 900 shares during the last quarter. Fiduciary Trust Co acquired a new stake in Electronic Arts in the 3rd quarter valued at approximately $261,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Electronic Arts by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 320,537 shares of the game software company’s stock valued at $45,978,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Providence Capital Advisors LLC grew its stake in shares of Electronic Arts by 1.8% in the third quarter. Providence Capital Advisors LLC now owns 44,115 shares of the game software company’s stock worth $6,328,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of several research reports. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Wedbush restated an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Trading Down 1.2 %

NASDAQ:EA opened at $163.10 on Friday. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a fifty day moving average price of $150.61 and a two-hundred day moving average price of $144.63. The stock has a market capitalization of $42.78 billion, a price-to-earnings ratio of 41.93, a PEG ratio of 2.13 and a beta of 0.78.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the transaction, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. The trade was a 6.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,000 shares of company stock valued at $3,073,520. 0.22% of the stock is owned by company insiders.

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.