Aviva PLC Has $49.33 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Aviva PLC lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 337,198 shares of the game software company’s stock after selling 11,765 shares during the period. Aviva PLC owned approximately 0.13% of Electronic Arts worth $49,332,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board lifted its stake in Electronic Arts by 11.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,869 shares of the game software company’s stock valued at $1,272,000 after acquiring an additional 900 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Electronic Arts by 6.8% in the third quarter. Janus Henderson Group PLC now owns 34,734 shares of the game software company’s stock valued at $4,982,000 after purchasing an additional 2,200 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in shares of Electronic Arts by 2.7% during the third quarter. Royal London Asset Management Ltd. now owns 110,118 shares of the game software company’s stock valued at $15,795,000 after purchasing an additional 2,878 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Electronic Arts by 6.7% during the third quarter. Quantinno Capital Management LP now owns 25,765 shares of the game software company’s stock worth $3,696,000 after purchasing an additional 1,619 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Electronic Arts in the 3rd quarter valued at about $791,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup cut their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. UBS Group upped their price objective on Electronic Arts from $138.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Wedbush restated an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, BMO Capital Markets decreased their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $155.30.

Electronic Arts Stock Down 6.6 %

Shares of NASDAQ EA opened at $135.34 on Friday. 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 business has a 50-day moving average of $134.10 and a 200-day moving average of $144.57. The firm has a market capitalization of $35.27 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

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

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares in the company, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,000 shares of company stock worth $3,015,990. 0.22% of the stock is currently owned by insiders.

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.