Primecap Management Co. CA Has $68.44 Million Stock Position in Electronic Arts Inc. $EA

Primecap Management Co. CA reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 339,305 shares of the game software company’s stock after selling 38,935 shares during the quarter. Primecap Management Co. CA’s holdings in Electronic Arts were worth $68,438,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of Electronic Arts during the third quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in Electronic Arts by 131.9% during 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 buying an additional 95 shares during the period. MTM Investment Management LLC acquired a new stake in shares of Electronic Arts during the second quarter worth $30,000. NewSquare Capital LLC lifted its holdings in shares of Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after buying an additional 79 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter valued at about $37,000. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on EA shares. Argus set a $210.00 price target on shares of Electronic Arts in a research report on Thursday, October 30th. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup dropped their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $186.95.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $1,020,550.00. Following the transaction, the chief executive officer owned 43,858 shares in the company, valued at $8,951,856.38. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the completion of the transaction, the insider directly owned 53,148 shares of the company’s stock, valued at $10,848,038.28. This trade represents a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,600 shares of company stock worth $5,589,823 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $201.07 on Friday. Electronic Arts Inc. has a 1 year low of $128.02 and a 1 year high of $204.88. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 75.59, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50 day simple moving average is $202.88 and its 200 day simple moving average is $194.92.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders 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 presently 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.