US Bancorp DE Decreases Position in Electronic Arts Inc. $EA

US Bancorp DE reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,132 shares of the game software company’s stock after selling 4,513 shares during the quarter. US Bancorp DE’s holdings in Electronic Arts were worth $20,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new position in shares of Electronic Arts during the 2nd quarter valued at $30,000. Oakworth Capital Inc. purchased a new position in Electronic Arts during the 3rd quarter valued at approximately $30,000. NewSquare Capital LLC grew its stake in shares of Electronic Arts by 67.5% in the 2nd 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. E Fund Management Hong Kong Co. Ltd. increased its stake in Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after acquiring an additional 95 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Electronic Arts during the 2nd quarter valued at $37,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

Shares of EA opened at $200.57 on Friday. 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 50-day moving average of $202.81 and a two-hundred day moving average of $195.09. The stock has a market cap of $50.19 billion, a P/E ratio of 75.40, a P/E/G ratio of 2.39 and a beta of 0.74. Electronic Arts Inc. has a one year low of $128.02 and a one year high of $204.88.

Electronic Arts Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 28.57%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $200.63, for a total value of $240,756.00. Following the sale, the insider owned 31,160 shares in the company, valued at approximately $6,251,630.80. This represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.50, for a total transaction of $997,500.00. Following the sale, the chief executive officer directly owned 33,858 shares in the company, valued at $6,754,671. This trade represents a 12.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,600 shares of company stock valued at $5,589,823. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EA shares. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Citigroup reduced their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Four 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $186.95.

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.