B. Metzler seel. Sohn & Co. AG Reduces Holdings in Electronic Arts Inc. (NASDAQ:EA)

B. Metzler seel. Sohn & Co. AG cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,733 shares of the game software company’s stock after selling 3,737 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Electronic Arts were worth $1,863,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Claro Advisors LLC increased its position in shares of Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after purchasing an additional 75 shares in the last quarter. Intrust Bank NA grew its stake in Electronic Arts by 3.3% during the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after buying an additional 78 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after buying an additional 81 shares during the period. Ballentine Partners LLC lifted its stake in Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after acquiring an additional 83 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $144.87 on Thursday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market capitalization of $37.76 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The business’s 50 day simple moving average is $133.20 and its 200-day simple moving average is $144.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. As a group, equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

Analyst Ratings Changes

A number of brokerages have recently commented on EA. Bank of America lifted their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. BMO Capital Markets dropped their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target on the stock. Finally, Roth Mkm reduced their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $155.65.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the transaction, the executive vice president now owns 23,386 shares in the company, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,015,990 over the last quarter. Corporate 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.