Electronic Arts Inc. $EA Shares Sold by IMA Advisory Services Inc.

IMA Advisory Services Inc. decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 96.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 409 shares of the game software company’s stock after selling 11,178 shares during the quarter. IMA Advisory Services Inc.’s holdings in Electronic Arts were worth $82,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Walter Public Investments Inc. raised its position in shares of Electronic Arts by 41.7% in the third quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock valued at $9,685,000 after buying an additional 14,134 shares during the last quarter. NatWest Group plc acquired a new stake in Electronic Arts in the 3rd quarter valued at about $10,414,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Electronic Arts in the 2nd quarter worth approximately $287,000. Bank of Montreal Can boosted its holdings in shares of Electronic Arts by 14.3% during the 2nd quarter. Bank of Montreal Can now owns 326,682 shares of the game software company’s stock worth $52,171,000 after purchasing an additional 40,848 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Electronic Arts by 35.4% in the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock valued at $78,859,000 after purchasing an additional 102,248 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.27, for a total value of $510,675.00. Following the sale, the insider directly owned 50,648 shares in the company, valued at $10,345,866.96. This represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.30, for a total transaction of $245,160.00. Following the transaction, the insider directly owned 32,360 shares of the company’s stock, valued at approximately $6,611,148. This trade represents a 3.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 123,769 shares of company stock worth $24,943,734 in the last 90 days. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EA shares. Citigroup lowered their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley upped their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $186.95.

Electronic Arts Stock Performance

Shares of EA stock opened at $200.62 on Friday. The stock has a fifty day moving average price of $203.46 and a 200 day moving average price of $192.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $50.21 billion, a PE ratio of 75.42, a P/E/G ratio of 2.41 and a beta of 0.74. Electronic Arts Inc. has a 1 year low of $128.02 and a 1 year high of $204.88.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be given 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 payout ratio is currently 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.