Electronic Arts Inc. (NASDAQ:EA) Position Lessened by FourThought Financial LLC

FourThought Financial LLC trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 11.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,442 shares of the game software company’s stock after selling 193 shares during the quarter. FourThought Financial LLC’s holdings in Electronic Arts were worth $167,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Checchi Capital Advisers LLC raised its position in shares of Electronic Arts by 2.2% during the third quarter. Checchi Capital Advisers LLC now owns 3,820 shares of the game software company’s stock worth $442,000 after purchasing an additional 83 shares during the period. Synovus Financial Corp raised its position in shares of Electronic Arts by 1.5% during the third quarter. Synovus Financial Corp now owns 5,673 shares of the game software company’s stock worth $654,000 after purchasing an additional 85 shares during the period. Flputnam Investment Management Co. raised its position in shares of Electronic Arts by 4.3% during the third quarter. Flputnam Investment Management Co. now owns 2,373 shares of the game software company’s stock worth $275,000 after purchasing an additional 98 shares during the period. Mission Wealth Management LP grew its holdings in shares of Electronic Arts by 1.6% during the third quarter. Mission Wealth Management LP now owns 6,183 shares of the game software company’s stock worth $715,000 after buying an additional 99 shares in the last quarter. Finally, McIlrath & Eck LLC grew its holdings in shares of Electronic Arts by 24.4% during the third quarter. McIlrath & Eck LLC now owns 510 shares of the game software company’s stock worth $59,000 after buying an additional 100 shares in the last quarter. 89.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on EA. Deutsche Bank Aktiengesellschaft downgraded Electronic Arts from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Thursday, February 16th. BMO Capital Markets decreased their price objective on Electronic Arts from $154.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, February 2nd. Benchmark decreased their price objective on Electronic Arts from $188.00 to $150.00 in a report on Tuesday, January 17th. KeyCorp reduced their price target on Electronic Arts from $155.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, February 1st. Finally, Wells Fargo & Company reduced their price target on Electronic Arts from $150.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 1st. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.54.

Electronic Arts Stock Down 0.2 %

EA stock opened at $113.35 on Friday. The business’s fifty day moving average price is $117.00 and its two-hundred day moving average price is $122.07. The stock has a market capitalization 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 Inc. has a fifty-two week low of $108.53 and a fifty-two week high of $142.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.23 and a quick ratio of 1.23.

Electronic Arts (NASDAQ:EA – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The game software company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.89). Electronic Arts had a return on equity of 14.38% and a net margin of 14.08%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $2.80 earnings per share. Electronic Arts’s revenue was down 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Electronic Arts Inc. will post 4.44 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Wednesday, March 1st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 28th. Electronic Arts’s dividend payout ratio is 20.49%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $116.78, for a total transaction of $93,424.00. Following the transaction, the insider now directly owns 25,355 shares of the company’s stock, valued at $2,960,956.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $116.78, for a total transaction of $93,424.00. Following the sale, the insider now directly owns 25,355 shares in the company, valued at $2,960,956.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $129.00, for a total transaction of $645,000.00. Following the sale, the chief executive officer now owns 80,274 shares in the company, valued at $10,355,346. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,100 shares of company stock valued at $1,626,881. 0.37% of the stock is owned by company insiders.

Electronic Arts Profile

(Get Rating)

Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.