Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,644 shares of the game software company’s stock after selling 144 shares during the period. Impax Asset Management Group plc’s holdings in Electronic Arts were worth $1,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EA. International Assets Investment Management LLC purchased a new position in Electronic Arts in the 3rd quarter valued at about $3,313,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Electronic Arts by 27.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,605 shares of the game software company’s stock valued at $374,000 after purchasing an additional 556 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at about $504,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Electronic Arts by 295.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,261 shares of the game software company’s stock valued at $4,771,000 after purchasing an additional 24,842 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its stake in shares of Electronic Arts by 4.7% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,655 shares of the game software company’s stock valued at $381,000 after purchasing an additional 120 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 1.7 %

Electronic Arts stock opened at $131.73 on Wednesday. The stock has a market cap of $34.33 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $136.18 and its two-hundred day moving average price is $146.06. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Analysts Set New Price Targets

EA has been the topic of several research reports. Benchmark dropped their price target on Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Oppenheimer reduced their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Wedbush restated an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $154.55.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the sale, the executive vice president now owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,500 shares of company stock valued at $3,593,095 in the last quarter. Insiders own 0.22% of the company’s stock.

About Electronic Arts

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