Electronic Arts Inc. $EA Shares Sold by Huntington National Bank

Huntington National Bank lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 27.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 152,581 shares of the game software company’s stock after selling 58,847 shares during the quarter. Huntington National Bank’s holdings in Electronic Arts were worth $31,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EA. Pentwater Capital Management LP acquired a new position in shares of Electronic Arts during the third quarter worth $968,160,000. Ameriprise Financial Inc. grew its stake in shares of Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Man Group plc grew its stake in shares of Electronic Arts by 165.5% during the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after purchasing an additional 797,461 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new position in shares of Electronic Arts during the third quarter worth $156,760,000. Finally, First Trust Advisors LP grew its stake in shares of Electronic Arts by 26.3% during the third quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock worth $619,127,000 after purchasing an additional 638,667 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,066 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the completion of the sale, the chief executive officer owned 85,974 shares in the company, valued at approximately $17,337,516.84. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.81, for a total transaction of $240,972.00. Following the sale, the insider owned 27,560 shares of the company’s stock, valued at $5,534,323.60. This trade represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 39,906 shares of company stock valued at $8,032,336. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on EA shares. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Citigroup upped their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average target price of $196.64.

Electronic Arts Stock Performance

NASDAQ EA opened at $200.68 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a 1 year low of $141.19 and a 1 year high of $204.88. The company has a market capitalization of $50.32 billion, a PE ratio of 57.50, a P/E/G ratio of 2.22 and a beta of 0.66. The company has a fifty day moving average of $202.03 and a two-hundred day moving average of $202.25.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is 21.78%.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.