Banco Bilbao Vizcaya Argentaria S.A. Lowers Stock Holdings in Electronic Arts Inc. $EA

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 14.2% during the third quarter, HoldingsChannel reports. The firm owned 131,587 shares of the game software company’s stock after selling 21,697 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Electronic Arts were worth $26,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares during the period. State Street Corp increased its stake in Electronic Arts by 5.8% in the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after buying an additional 932,024 shares during the period. Man Group plc raised its position in Electronic Arts by 165.5% during the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after buying an additional 797,461 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Electronic Arts by 50.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock worth $377,726,000 after acquiring an additional 791,978 shares during the period. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter worth $156,760,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total transaction of $240,756.00. Following the transaction, the insider directly owned 31,160 shares in the company, valued at approximately $6,251,630.80. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the transaction, the chief financial officer directly owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,600 shares of company stock worth $5,589,823 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Citigroup lowered their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $188.30.

Electronic Arts Price Performance

Electronic Arts stock opened at $199.24 on Friday. The company has a market cap of $49.86 billion, a P/E ratio of 74.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.75. Electronic Arts Inc. has a one year low of $131.15 and a one year high of $204.88. The business has a fifty day moving average of $201.93 and a two-hundred day moving average of $197.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

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.