Capital International Sarl Lowers Holdings in Electronic Arts Inc. $EA

Capital International Sarl reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,398 shares of the game software company’s stock after selling 7,255 shares during the quarter. Capital International Sarl’s holdings in Electronic Arts were worth $33,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriflex Group Inc. raised its stake in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares during the last quarter. MTM Investment Management LLC bought a new position in shares of Electronic Arts in the second quarter worth about $30,000. Oakworth Capital Inc. purchased a new stake in Electronic Arts during the 3rd quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after purchasing an additional 95 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Electronic Arts during the second quarter valued at approximately $37,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Price Performance

Shares of EA stock opened at $199.27 on Tuesday. The company has a market capitalization of $49.87 billion, a P/E ratio of 74.91, a P/E/G ratio of 2.36 and a beta of 0.75. The company’s 50-day simple moving average is $202.32 and its two-hundred day simple moving average is $196.50. Electronic Arts Inc. has a one year low of $131.15 and a one year high of $204.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93.

Electronic Arts Dividend Announcement

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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the sale, the chief financial officer directly owned 5,897 shares in the company, valued at $1,178,810.30. The trade was a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.50, for a total transaction of $997,500.00. Following the transaction, the chief executive officer owned 33,858 shares in the company, valued at approximately $6,754,671. The trade was a 12.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,600 shares of company stock valued at $5,589,823. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EA shares. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup reduced their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $188.30.

Electronic Arts 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.