EPG Wealth Management LLC Sells 171 Shares of Electronic Arts Inc. (NASDAQ:EA)

EPG Wealth Management LLC lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,552 shares of the game software company’s stock after selling 171 shares during the period. EPG Wealth Management LLC’s holdings in Electronic Arts were worth $520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $32,000. LGT Financial Advisors LLC purchased a new stake in Electronic Arts during the 4th quarter valued at about $33,000. Millstone Evans Group LLC purchased a new stake in Electronic Arts during the 4th quarter valued at about $37,000. Finally, SBI Securities Co. Ltd. bought a new position in Electronic Arts during the 4th quarter worth approximately $41,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $145.56, for a total value of $145,560.00. Following the transaction, the insider now directly owns 25,216 shares in the company, valued at $3,670,440.96. This trade represents a 3.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president now directly owns 19,033 shares of the company’s stock, valued at approximately $2,772,156.45. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock worth $2,729,195 over the last quarter. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $155.50 on Thursday. The stock has a market cap of $40.53 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm’s 50-day moving average is $142.40 and its 200 day moving average is $144.78.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS 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%. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s payout ratio is 19.34%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Morgan Stanley increased their price objective on Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a report on Wednesday. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Ascendiant Capital Markets raised their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Roth Capital reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday. Fifteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average price target of $161.63.

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.