Sequoia Financial Advisors LLC Purchases 1,730 Shares of Electronic Arts Inc. (NASDAQ:EA)

Sequoia Financial Advisors LLC boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 34.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,796 shares of the game software company’s stock after purchasing an additional 1,730 shares during the period. Sequoia Financial Advisors LLC’s holdings in Electronic Arts were worth $930,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its stake in shares of Electronic Arts by 23.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock worth $2,753,000 after acquiring an additional 4,411 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Electronic Arts by 14.7% in the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after acquiring an additional 1,469 shares during the last quarter. Morgan Stanley raised its stake in shares of Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after acquiring an additional 389,063 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after acquiring an additional 3,600,388 shares during the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of Electronic Arts by 19.4% in the third quarter. Alps Advisors Inc. now owns 2,750 shares of the game software company’s stock worth $331,000 after acquiring an additional 446 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. BMO Capital Markets assumed coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Wedbush restated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Stock Performance

NASDAQ EA opened at $127.89 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $135.82 and its two-hundred day moving average price is $134.27. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The firm has a market capitalization of $34.19 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company posted $2.29 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s dividend payout ratio is currently 19.14%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $137.95, for a total value of $137,950.00. Following the transaction, the insider now directly owns 21,258 shares in the company, valued at $2,932,541.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $137.95, for a total value of $137,950.00. Following the transaction, the insider now directly owns 21,258 shares in the company, valued at $2,932,541.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total transaction of $347,200.00. Following the completion of the transaction, the chief executive officer now owns 30,930 shares in the company, valued at $4,295,558.40. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock worth $5,153,300 over the last ninety days. Insiders own 0.20% 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.