Allianz Asset Management GmbH Sells 76,129 Shares of Electronic Arts Inc. (NASDAQ:EA)

Allianz Asset Management GmbH cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 512,763 shares of the game software company’s stock after selling 76,129 shares during the quarter. Allianz Asset Management GmbH’s holdings in Electronic Arts were worth $75,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. Waterfront Wealth Inc. raised its position in shares of Electronic Arts by 1.9% in the fourth quarter. Waterfront Wealth Inc. now owns 7,419 shares of the game software company’s stock valued at $1,085,000 after purchasing an additional 140 shares during the period. Flossbach Von Storch SE grew its stake in Electronic Arts by 31.3% in the 4th quarter. Flossbach Von Storch SE now owns 80,502 shares of the game software company’s stock valued at $11,777,000 after buying an additional 19,199 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Electronic Arts by 5.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock valued at $249,000 after acquiring an additional 90 shares during the period. Cumberland Partners Ltd lifted its position in shares of Electronic Arts by 894.9% during the fourth quarter. Cumberland Partners Ltd now owns 24,872 shares of the game software company’s stock worth $3,639,000 after acquiring an additional 22,372 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management bought a new position in shares of Electronic Arts in the fourth quarter worth $203,000. Institutional investors own 90.23% of the company’s stock.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the sale, the chief executive officer now owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,500 shares of company stock valued at $3,593,095. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $130.93 on Friday. The company has a market capitalization of $34.12 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.54 and a beta of 0.79. The business has a 50 day moving average of $137.09 and a 200 day moving average of $146.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA) last announced 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, sell-side analysts predict that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EA. Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Bank of America lifted their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Friday, January 31st. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets decreased their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.55.

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.