UMB Bank n.a. Decreases Holdings in Electronic Arts Inc. (NASDAQ:EA)

UMB Bank n.a. lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 836 shares of the game software company’s stock after selling 169 shares during the quarter. UMB Bank n.a.’s holdings in Electronic Arts were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after acquiring an additional 26,505 shares during the last quarter. Legal & General Group Plc lifted its position in Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after purchasing an additional 53,800 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in Electronic Arts by 43.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after purchasing an additional 420,382 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Electronic Arts by 28.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock valued at $134,969,000 after purchasing an additional 206,623 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Electronic Arts by 8.4% in the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock worth $124,548,000 after purchasing an additional 66,797 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the sale, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was 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 approximately $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock valued at $3,986,385. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EA. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday. Argus boosted their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Robert W. Baird reduced their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.79.

Electronic Arts Price Performance

EA opened at $118.58 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $31.10 billion, a PE ratio of 30.48, a P/E/G ratio of 1.88 and a beta of 0.80. Electronic Arts Inc. has a 1 year low of $115.45 and a 1 year high of $168.50. The stock has a 50-day moving average price of $153.33 and a 200-day moving average price of $148.99.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.64%. Electronic Arts’s payout ratio is currently 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.