DekaBank Deutsche Girozentrale Sells 3,653 Shares of Electronic Arts Inc. (NASDAQ:EA)

DekaBank Deutsche Girozentrale cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 918,463 shares of the game software company’s stock after selling 3,653 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.35% of Electronic Arts worth $132,392,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. North Star Investment Management Corp. increased its holdings in shares of Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Electronic Arts during the 1st quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the second quarter worth $28,000. Family Firm Inc. bought a new position in shares of Electronic Arts in the second quarter valued at $33,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Electronic Arts during the first quarter valued at about $35,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EA. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Benchmark reissued a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Robert W. Baird restated an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a report on Thursday, September 19th. Wedbush restated an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Friday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a research report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.76.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now owns 30,190 shares of the company’s stock, valued at $4,579,823. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,270 shares of company stock valued at $3,287,735. 0.22% of the stock is currently owned by insiders.

Electronic Arts Price Performance

NASDAQ EA opened at $145.20 on Friday. Electronic Arts Inc. has a one year low of $119.92 and a one year high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50-day moving average of $145.01 and a 200 day moving average of $139.58. The company has a market capitalization of $38.36 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. On average, sell-side analysts forecast that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s payout ratio is 17.88%.

Electronic Arts Profile

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.