Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,956 shares of the game software company’s stock after selling 672 shares during the quarter. Prudent Man Advisors LLC’s holdings in Electronic Arts were worth $1,164,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the last quarter. Claro Advisors LLC raised its stake in shares of Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after buying an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after buying an additional 76 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Electronic Arts by 11.1% during the 4th 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 last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Electronic Arts by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $129.12 on Friday. The stock’s 50 day moving average price is $135.08 and its 200 day moving average price is $145.73. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The firm has a market capitalization of $33.65 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. Electronic Arts’s payout ratio is currently 19.34%.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,500 shares of company stock worth $3,593,095 in the last three months. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oppenheimer cut their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Argus lifted their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird dropped their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Finally, Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $154.55.

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.