Shell Asset Management Co. Has $2.11 Million Stock Position in Electronic Arts Inc. $EA

Shell Asset Management Co. cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 51.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,447 shares of the game software company’s stock after selling 11,050 shares during the quarter. Shell Asset Management Co.’s holdings in Electronic Arts were worth $2,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EA. Ballentine Partners LLC boosted its holdings in Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after purchasing an additional 59 shares during the period. Physician Wealth Advisors Inc. grew its position in Electronic Arts by 5.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after buying an additional 59 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after acquiring an additional 67 shares during the period. Salomon & Ludwin LLC raised its holdings in Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Electronic Arts by 20.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock worth $80,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.30, for a total value of $245,160.00. Following the completion of the transaction, the insider owned 32,360 shares of the company’s stock, valued at $6,611,148. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total value of $302,475.00. Following the completion of the transaction, the chief financial officer owned 5,595 shares in the company, valued at approximately $1,128,231.75. The trade was a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 123,769 shares of company stock worth $24,943,734. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the topic of several recent research reports. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Argus set a $210.00 price objective on Electronic Arts in a report on Thursday, October 30th. Citigroup cut their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Benchmark restated a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Finally, Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $186.95.

Electronic Arts Stock Performance

Shares of EA stock opened at $200.62 on Friday. The firm has a market cap of $50.21 billion, a PE ratio of 75.42, a P/E/G ratio of 2.42 and a beta of 0.74. The company’s fifty day simple moving average is $203.46 and its 200-day simple moving average is $192.61. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12 month low of $128.02 and a 12 month high of $204.88.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s dividend payout ratio is currently 28.57%.

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.