FourThought Financial LLC reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 11.8% in the third quarter, the company said in its most recent filing with the Securities & Exchange Commission. The company owned 1,442 shares of the gaming software company after selling 193 shares during the period. FourThought Financial LLC’s interests in Electronic Arts were valued at $167,000 at the time of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also changed their holdings in the company. Northern Oak Wealth Management Inc. acquired a new stake in Electronic Arts stock valued at $25,000 during the second quarter. Ameliora Wealth Management Ltd. acquired a new interest in Electronic Arts valued at approximately $29,000 during the third quarter. MCF Advisors LLC increased its holding in Electronic Arts by 2,500.0% during the third quarter. MCF Advisors LLC now owns 260 shares of the $30,000 gaming software company after purchasing an additional 250 shares last quarter. Neo Ivy Capital Management increased its stake in Electronic Arts by 70.1% during the second quarter. Neo Ivy Capital Management now owns 262 shares of the $31,000 gaming software company after purchasing an additional 108 shares last quarter. Finally, Riverview Trust Co acquired a new interest in Electronic Arts valued at approximately $32,000 during the third quarter. 89.46% of the shares are currently owned by hedge funds and other institutional investors.
Electronic Arts price history
NASDAQ EA shares opened at $113.35 on Friday. Electronic Arts Inc. has a 1 year low of $108.53 and a 1 year high of $142.79. The company has a 50-day moving average of $117.00 and a 200-day moving average of $122.07. The company has a gearing ratio of 0.25, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $31.29 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 8.31, and a beta of 0.86.
Electronic Arts (NASDAQ:EA – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The gaming software company reported earnings per share of $0.73 for the quarter, missing analyst consensus estimates of $2.62 ($1.89). Electronic Arts had a net margin of 14.08% and a return on equity of 14.38%. The company made $2.34 billion in revenue for the quarter, compared to analysts’ expectations of $2.50 billion. In the same period last year, the company posted $2.80 per share. The company’s revenue fell 9.1% year over year in the quarter. On average, stock analysts expect Electronic Arts Inc. to post 4.44 EPS for the current fiscal year.
Electronic Arts announces dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Wednesday, March 1st will receive a dividend of $0.19. The ex-dividend date is Tuesday February 28th. That equates to a dividend of $0.76 on an annualized basis and a dividend yield of 0.67%. Electronic Arts’ dividend payout ratio (DPR) is currently 20.49%.
Insider activity at Electronic Arts
In other news from Electronic Arts, insider Vijayanthimala Singh sold 800 shares of the company in a transaction on Tuesday, January 3rd. The shares sold at an average price of $123.59 for a total transaction of $98,872.00. Upon closing of the transaction, the insider now directly owns 26,155 shares of the company’s stock valued at approximately $3,232,496.45. The sale was disclosed in a document filed with the SEC, available at this hyperlink. In other news from Electronic Arts, insider Vijayanthimala Singh sold 800 shares of the company in a transaction on Tuesday, January 3rd. The shares sold at an average price of $123.59 for a total transaction of $98,872.00. Upon closing of the transaction, the insider now directly owns 26,155 shares of the company’s stock valued at approximately $3,232,496.45. The sale was disclosed in a document filed with the SEC, available at this hyperlink. Also on Tuesday, December 27, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction. The stock sold at an average price of $120.84 for a total transaction of $604,200.00. Following the transaction, the Chief Executive Officer now directly owns 85,274 shares of the Company, valued at $10,304,510.16. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of the company’s stock valued at $1,626,881 over the past ninety days. Company insiders own 0.37% of the company’s shares.
Analyst upgrades and downgrades
EA has been the subject of a number of new analyst reports. Ascendiant Capital Markets lowered its target price on Electronic Arts to $152.00 from $156.00 and gave the company a buy rating in a report issued on Monday, December 19th. Cowen lowered his target price on Electronic Arts to $136.00 from $158.00 and gave the stock a “Outperform” rating in a research note on Wednesday, February 1st. KeyCorp lowered its price target on Electronic Arts to $138.00 from $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 1st. TheStreet lowered Electronic Arts from a “b-” rating to a “c+” rating in a research note on Thursday, February 23. Finally, Barclays lowered its target price on Electronic Arts to $118.00 from $132.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 1st. Ten investment analysts have rated the stock with a hold and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.54.
Electronic Arts company profile
(received rating)
Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for gaming consoles, personal computers, mobile phones, and tablets worldwide. The company develops and publishes games and services from various genres, such as sports, first-person shooter, action, role-playing and simulation, mainly under the titles Battlefield, The Sims, Apex Legends, Anthem, Need for Speed and Plants v.
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