Gulf International Bank UK Ltd Lowers Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Gulf International Bank UK Ltd trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,559 shares of the game software company’s stock after selling 923 shares during the period. Gulf International Bank UK Ltd’s holdings in Electronic Arts were worth $2,805,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the 2nd quarter valued at about $28,000. Family Firm Inc. acquired a new position in shares of Electronic Arts in the second quarter valued at approximately $33,000. New Covenant Trust Company N.A. acquired a new position in shares of Electronic Arts in the first quarter valued at approximately $35,000. Reston Wealth Management LLC purchased a new stake in Electronic Arts during the 3rd quarter worth approximately $36,000. Finally, Gradient Investments LLC lifted its holdings in Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after buying an additional 225 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Wednesday, September 25th. The shares were 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 owns 54,247 shares in the company, valued at $7,675,950.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock valued at $3,886,282 in the last ninety days. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on EA. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. UBS Group increased their price target on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Wedbush reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a report on Friday, October 25th. Finally, TD Cowen boosted their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $164.39.

Electronic Arts Trading Up 1.6 %

NASDAQ:EA opened at $157.96 on Thursday. The company has a market capitalization of $41.73 billion, a PE ratio of 39.97, a P/E/G ratio of 1.95 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $159.34. The stock’s 50 day moving average price is $145.17 and its 200 day moving average price is $140.78. The company has a quick ratio of 1.45, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.48%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

About Electronic Arts

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.