New Century Financial Group LLC Sells 377 Shares of Electronic Arts Inc. (NASDAQ:EA)

New Century Financial Group LLC reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,526 shares of the game software company’s stock after selling 377 shares during the quarter. New Century Financial Group LLC’s holdings in Electronic Arts were worth $223,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Electronic Arts by 0.4% in the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after acquiring an additional 26,505 shares in the last quarter. Legal & General Group Plc grew its position in shares of Electronic Arts by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock worth $367,789,000 after purchasing an additional 53,800 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Electronic Arts by 28.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock worth $134,969,000 after purchasing an additional 206,623 shares during the period. Franklin Resources Inc. raised its position in shares of Electronic Arts by 8.4% in the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock valued at $124,548,000 after buying an additional 66,797 shares in the last quarter. Finally, abrdn plc boosted its stake in shares of Electronic Arts by 59.2% in the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after buying an additional 319,335 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EA has been the subject of several analyst reports. Benchmark reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus decreased their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus target price of $159.79.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the sale, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock worth $3,986,385 over the last ninety days. 0.22% of the stock is owned by insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $116.56 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The firm has a market cap of $30.57 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The firm’s fifty day moving average is $152.43 and its 200-day moving average is $148.83.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.65%. Electronic Arts’s payout ratio is 19.54%.

Electronic Arts Company 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.