Electronic Arts Inc. $EA Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,554 shares of the game software company’s stock after selling 14,019 shares during the period. Nisa Investment Advisors LLC’s holdings in Electronic Arts were worth $20,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after purchasing an additional 932,024 shares during the period. Ninety One UK Ltd raised its stake in shares of Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after buying an additional 193,442 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after buying an additional 1,300,336 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Electronic Arts by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock valued at $656,735,000 after buying an additional 378,824 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Electronic Arts by 17.0% in the second quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock valued at $388,211,000 after buying an additional 353,327 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EA has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Benchmark restated a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Baird R W downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Finally, UBS Group set a $210.00 price target on Electronic Arts and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average target price of $181.21.

Electronic Arts Stock Performance

Electronic Arts stock opened at $204.10 on Friday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $204.88. The company has a market capitalization of $51.05 billion, a price-to-earnings ratio of 59.68, a PEG ratio of 2.41 and a beta of 0.73. The stock has a fifty day moving average of $202.90 and a two-hundred day moving average of $183.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The firm’s revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share. On average, analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is 22.22%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $244,932.00. Following the completion of the sale, the insider directly owned 33,560 shares of the company’s stock, valued at approximately $6,849,931.60. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeff Huber sold 16,788 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $200.72, for a total value of $3,369,687.36. Following the completion of the transaction, the director owned 1,980 shares of the company’s stock, valued at $397,425.60. This trade represents a 89.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 122,469 shares of company stock valued at $24,650,681. Corporate insiders own 0.24% of the company’s stock.

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.