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West Family Investments Inc. Reduces Holding in Electronic Arts Inc. (NASDAQ:EA)

West Family Investments Inc. reduced its position in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 38.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,327 shares of the gaming software company after selling 1,475 shares during the quarter. West Family Investments Inc.’s holdings in Electronic Arts were valued at $269,000 at the time of the most recent filing with the Securities and Exchange Commission (SEC).

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A number of other institutional investors have also recently made changes to their positions in EA. Benjamin F. Edwards & Company Inc. increased its stake in Electronic Arts by 73.7% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,188 shares of the gaming software company, valued at $485,000, after purchasing an additional 1,777 shares last quarter. KBC Group NV increased its stake in Electronic Arts by 64.9% in the second quarter. KBC Group NV now owns 369,027 shares in the gaming software company, valued at $44,892,000, after acquiring a further 145,278 shares last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holding in Electronic Arts by 2.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,436 shares of the gaming software company, valued at $2,486,000, after purchasing an additional 490 shares last quarter. Ieq Capital LLC increased its stake in Electronic Arts by 54.6% in the second quarter. Ieq Capital LLC now owns 5,020 shares of the gaming software company valued at $611,000 after purchasing an additional 1,773 shares during the period. Finally, Columbia Asset Management purchased a new position in Electronic Arts stock worth $407,000 during the second quarter. Hedge funds and other institutional investors own 89.46% of the company’s shares.

Electronic Arts stock up 1.1%

Electronic Arts shares opened at $127.41 on Tuesday. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 2.00 and a beta of 0.88. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt to equity ratio of 0.24. Electronic Arts Inc. has a 12-month low of $109.24 and a 12-month high of $142.79. The stock has a 50-day simple moving average of $125.56 and a 200-day simple moving average of $125.94.

Electronic Arts (NASDAQ:EA – Get Rating) last released its earnings results on Tuesday, November 1st. The gaming software company reported earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate of $0.92 ($0.05). Electronic Arts had a net margin of 12.37% and a return on equity of 16.42%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.78 billion. Equity analysts are forecasting that Electronic Arts Inc. will post 5.53 EPS for the current fiscal year.

Electronic Arts announces dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. A dividend of $0.19 was paid to investors of record on Wednesday November 30th. That equates to an annualized dividend of $0.76 and a dividend yield of 0.60%. The ex-dividend date was Tuesday November 29th. Electronic Arts’ payout ratio is currently 23.68%.

Insider activity at Electronic Arts

Also on Thursday, November 17, CEO Andrew Wilson sold 10,000 shares of Electronic Arts in a transaction. The shares were sold at an average price of $128.61 for a total transaction of $1,286,100.00. Following the transaction, the Chief Executive Officer now owns 95,274 shares of the Company, valued at approximately $12,253,189.14. The sale was disclosed in a filing with the Securities & Exchange Commission available at this hyperlink. Also, on Thursday, November 17, CEO Andrew Wilson sold 10,000 shares of the stock in a transaction. The shares were sold at an average price of $128.61 for a total value of $1,286,100.00. Upon completion of the sale, the Chief Executive Officer now directly owns 95,274 shares of the Company, valued at $12,253,189.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also on Thursday, December 1, insider Vijayanthimala Singh sold 800 shares of the company in a transaction. The shares were sold at an average price of $131.83 for a total transaction of $105,464.00. Following the sale, the insider now owns 26,955 shares of the company’s stock valued at $3,553,477.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,785 shares of the company’s stock valued at $4,550,770. 0.37% of the shares are owned by insiders.

Wall Street analysts forecast growth

EA has been the subject of a number of research analyst reports. Truist Financial lowered its target price on shares of Electronic Arts to $150.00 from $154.00 in a report on Monday, November 28. Benchmark lowered its price target for Electronic Arts from $188.00 to $150.00 in a research report on Tuesday, January 17. Credit Suisse Group lowered its target price on Electronic Arts to $143.00 from $144.00 and gave the company a “Outperform” rating in a research report on Wednesday, November 2nd. Ascendiant Capital Markets lowered its price target on Electronic Arts shares to $152.00 from $156.00 and gave the stock a “buy” rating in a research note on Monday, December 19. Finally, Stifel Nicolaus lowered his price target on shares of Electronic Arts to $144.00 from $153.00 and issued a research note on Monday, October 24, giving the company a “buy” rating. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.95.

About Electronic Arts

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Electronic Arts Inc develops, markets, publishes and distributes games, content and services for gaming consoles, personal computers, mobile phones and tablets worldwide. It develops and publishes games and services from various genres, such as sports, racing, first-person shooter, action, role-playing and simulation, mainly under Battlefield, The Sims, Apex Legends, Need for Speed ​​and licensed games by others, including FIFA brands , Madden NFL, UFC and Star Wars.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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