Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Yarbrough Capital LLC

Yarbrough Capital LLC cut its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 29.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,117 shares of the game software company’s stock after selling 10,983 shares during the quarter. Yarbrough Capital LLC’s holdings in Electronic Arts were worth $3,821,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EA. D. E. Shaw & Co. Inc. raised its stake in shares of Electronic Arts by 43.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after acquiring an additional 420,382 shares during the period. Dimensional Fund Advisors LP increased its holdings in Electronic Arts by 29.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after purchasing an additional 354,005 shares in the last quarter. abrdn plc raised its position in Electronic Arts by 59.2% in the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after purchasing an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after purchasing an additional 314,388 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Electronic Arts in the third quarter worth about $40,154,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of EA opened at $141.40 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $37.08 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.84 and a beta of 0.80. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The stock has a 50 day moving average of $155.70 and a 200-day moving average of $149.01.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s payout ratio is 19.54%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EA shares. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird raised their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $165.37.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares of the company’s stock, valued at approximately $7,548,334.89. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the transaction, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,500 shares of company stock valued at $3,637,660. Company insiders own 0.22% of the company’s stock.

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.