Royal London Asset Management Ltd. Sells 3,473 Shares of Electronic Arts Inc. $EA

Royal London Asset Management Ltd. reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,250 shares of the game software company’s stock after selling 3,473 shares during the period. Royal London Asset Management Ltd.’s holdings in Electronic Arts were worth $24,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in shares of Electronic Arts by 26.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock worth $49,000 after acquiring an additional 51 shares in the last quarter. Optas LLC lifted its position in shares of Electronic Arts by 4.2% in the first quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after purchasing an additional 54 shares in the last quarter. Macroview Investment Management LLC lifted its position in shares of Electronic Arts by 6.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after purchasing an additional 62 shares in the last quarter. Candriam S.C.A. boosted its holdings in Electronic Arts by 0.3% during the first quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock worth $5,033,000 after purchasing an additional 65 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Electronic Arts by 8.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 931 shares of the game software company’s stock worth $190,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

NASDAQ:EA opened at $209.70 on Monday. The stock has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a 1-year low of $159.10 and a 1-year high of $210.20. The firm has a fifty day simple moving average of $207.97 and a 200 day simple moving average of $203.92. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. The firm had revenue of $1.99 billion for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup lifted their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $206.50.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the transaction, the insider owned 73,513 shares in the company, valued at approximately $14,930,490.30. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the transaction, the chief executive officer directly owned 80,974 shares in the company, valued at approximately $16,447,438.88. This trade represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 8,700 shares of company stock valued at $1,766,950. 0.24% of the stock is owned by company insiders.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.