Prudent Man Advisors LLC Sells 4,677 Shares of Electronic Arts Inc. $EA

Prudent Man Advisors LLC cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 63.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,738 shares of the game software company’s stock after selling 4,677 shares during the quarter. Prudent Man Advisors LLC’s holdings in Electronic Arts were worth $559,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after purchasing an additional 485,030 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Electronic Arts by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after purchasing an additional 143,195 shares during the last quarter. Pentwater Capital Management LP bought a new stake in shares of Electronic Arts in the third quarter worth about $968,160,000. Ameriprise Financial Inc. increased its holdings in shares of Electronic Arts by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after purchasing an additional 374,840 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Electronic Arts by 4.9% in the third quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after purchasing an additional 202,657 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the transaction, the insider owned 45,843 shares in the company, valued at $9,166,307.85. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,066 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were 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 of the company’s stock, valued at $17,337,516.84. This trade represents a 5.56% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 39,906 shares of company stock worth $8,032,336 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EA shares. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup lifted their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research 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 currently has an average rating of “Hold” and an average price target of $196.64.

Electronic Arts Stock Performance

EA opened at $203.00 on Monday. The firm has a market cap of $50.90 billion, a P/E ratio of 58.17, a P/E/G ratio of 2.24 and a beta of 0.65. Electronic Arts Inc. has a 12 month low of $145.54 and a 12 month high of $204.88. 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 stock has a 50-day moving average of $202.21 and a 200 day moving average of $202.30.

Electronic Arts Announces Dividend

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

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.