Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 19.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,434 shares of the game software company’s stock after selling 19,257 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Electronic Arts were worth $11,760,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Dakota Wealth Management acquired a new stake in shares of Electronic Arts in the third quarter valued at $942,000. Assenagon Asset Management S.A. lifted its holdings in shares of Electronic Arts by 5.7% during the third quarter. Assenagon Asset Management S.A. now owns 86,368 shares of the game software company’s stock valued at $12,389,000 after purchasing an additional 4,689 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Electronic Arts by 2.3% during the third quarter. IFM Investors Pty Ltd now owns 65,443 shares of the game software company’s stock valued at $9,387,000 after purchasing an additional 1,476 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Electronic Arts by 27.1% during the third 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 during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Electronic Arts during the third quarter valued at $3,313,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a report on Friday. UBS Group upped their target price on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Robert W. Baird reaffirmed an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a report on Thursday, September 19th. BMO Capital Markets reissued an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a research report on Wednesday, October 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.94.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,270 shares of company stock valued at $3,287,735. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $145.20 on Friday. The business has a 50 day moving average price of $145.01 and a 200 day moving average price of $139.52. Electronic Arts Inc. has a twelve month low of $119.92 and a twelve month high of $153.51. The company has a market cap of $38.58 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 1.95 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Research analysts predict that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a $0.19 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Electronic Arts Company 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.