Electronic Arts Inc. $EA Shares Sold by Capital International Investors

Capital International Investors decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 100.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,217 shares of the game software company’s stock after selling 9,689,924 shares during the period. Capital International Investors’ holdings in Electronic Arts were worth $249,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. 111 Capital boosted its holdings in shares of Electronic Arts by 12.5% during the fourth quarter. 111 Capital now owns 2,750 shares of the game software company’s stock worth $562,000 after purchasing an additional 306 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Electronic Arts by 18.3% during the fourth quarter. Vestcor Inc now owns 133,281 shares of the game software company’s stock worth $27,233,000 after purchasing an additional 20,613 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Electronic Arts by 30.8% during the fourth quarter. MCF Advisors LLC now owns 327 shares of the game software company’s stock worth $67,000 after purchasing an additional 77 shares during the last quarter. Pinebridge Investments LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $13,118,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Electronic Arts by 23.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 113,239 shares of the game software company’s stock worth $23,138,000 after purchasing an additional 21,800 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $202.48 on Wednesday. Electronic Arts Inc. has a twelve month low of $145.54 and a twelve month high of $204.88. The stock has a market capitalization of $50.77 billion, a P/E ratio of 58.02, a PEG ratio of 2.26 and a beta of 0.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $202.24 and its 200 day moving average price is $202.32.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,066 shares of Electronic Arts stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the transaction, the chief executive officer owned 85,974 shares in the company, valued at approximately $17,337,516.84. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the transaction, the chief financial officer owned 25,991 shares in the company, valued at $5,233,547.76. The trade was a 5.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 39,906 shares of company stock worth $8,032,336 over the last ninety days. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report 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. Finally, Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and an average price target of $196.64.

Electronic Arts Company Profile

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.