Capital International Investors Cuts Holdings in Electronic Arts Inc. $EA

Capital International Investors reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 100.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,217 shares of the game software company’s stock after selling 9,689,924 shares during the period. Capital International Investors’ holdings in Electronic Arts were worth $249,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EA. Pentwater Capital Management LP purchased a new position in Electronic Arts in the 3rd quarter valued at approximately $968,160,000. Norges Bank purchased a new position in Electronic Arts in the 4th quarter valued at approximately $643,674,000. Ameriprise Financial Inc. increased its stake in Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Man Group plc increased its stake in Electronic Arts by 165.5% in the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock valued at $204,296,000 after purchasing an additional 797,461 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in Electronic Arts in the 3rd quarter valued at approximately $156,760,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $501,350.00. Following the sale, the insider owned 40,843 shares in the company, valued at approximately $8,190,655.22. This represents a 5.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer owned 25,991 shares in the company, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 39,906 shares of company stock worth $8,032,336 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $202.48 on Wednesday. The business’s fifty day moving average price is $202.24 and its two-hundred day moving average price is $202.32. The stock has a market cap of $50.77 billion, a PE ratio of 58.02, a price-to-earnings-growth ratio of 2.26 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Electronic Arts Inc. has a one year low of $145.54 and a one year high of $204.88.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is 21.78%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EA. Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus price target of $196.64.

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.