Electronic Arts Inc. $EA Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 95.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,588 shares of the game software company’s stock after selling 571,525 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Electronic Arts were worth $5,024,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. grew its holdings in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. Oakworth Capital Inc. acquired a new position in shares of Electronic Arts during the 3rd quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 valued at $34,000 after buying an additional 95 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at $37,000. Finally, Tidemark LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $999,750.00. Following the transaction, the chief executive officer directly owned 28,858 shares of the company’s stock, valued at approximately $5,770,157.10. This trade represents a 14.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the transaction, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. The trade was a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,600 shares of company stock valued at $5,553,319 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Up 0.0%

NASDAQ EA opened at $202.01 on Friday. The business has a fifty day moving average price of $201.30 and a 200 day moving average price of $199.29. 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 company has a market cap of $50.55 billion, a P/E ratio of 75.94, a P/E/G ratio of 2.40 and a beta of 0.75. Electronic Arts Inc. has a one year low of $131.15 and a one year high of $204.88.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s dividend payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EA shares. Citigroup cut their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $188.30.

Electronic Arts 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.