Seeds Investor LLC Cuts Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Seeds Investor LLC lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,317 shares of the game software company’s stock after selling 85 shares during the period. Seeds Investor LLC’s holdings in Electronic Arts were worth $632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC increased its stake in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after purchasing an additional 989,319 shares during the last quarter. FMR LLC lifted its position in shares of Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock valued at $176,709,000 after acquiring an additional 835,985 shares during the period. Norges Bank acquired a new stake in Electronic Arts in the fourth quarter valued at $96,698,000. Arrowstreet Capital Limited Partnership raised its position in Electronic Arts by 591.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company’s stock worth $101,951,000 after acquiring an additional 596,141 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Electronic Arts by 100.8% in the 4th quarter. Schroder Investment Management Group now owns 801,915 shares of the game software company’s stock valued at $117,513,000 after buying an additional 402,501 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Benchmark boosted their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 24th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, January 31st. Bank of America lifted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, Wedbush restated an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $155.30.

Electronic Arts Price Performance

EA stock opened at $142.93 on Friday. 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 Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a market capitalization of $37.25 billion, a P/E ratio of 36.37, a PEG ratio of 3.58 and a beta of 0.79. The company has a fifty day moving average price of $136.45 and a 200-day moving average price of $144.33.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the sale, the executive vice president now owns 23,386 shares in the company, valued at $3,354,721.70. This represents a 6.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,015,990 in the last three months. Company insiders own 0.22% of the company’s stock.

Electronic Arts Profile

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.