Institute for Wealth Management LLC. Has $319,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

Institute for Wealth Management LLC. decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,330 shares of the game software company’s stock after selling 142 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Electronic Arts were worth $319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares in the last quarter. Norges Bank bought a new stake in shares of Electronic Arts during the fourth quarter worth about $270,382,000. Morgan Stanley increased its stake in shares of Electronic Arts by 62.1% in the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock valued at $390,128,000 after buying an additional 1,223,195 shares during the period. Barclays PLC raised its holdings in Electronic Arts by 265.0% in the 2nd quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock valued at $196,727,000 after buying an additional 1,101,229 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in Electronic Arts by 82.3% during the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after buying an additional 1,064,022 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Benchmark reaffirmed a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday. UBS Group reduced their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Wedbush restated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Trading Up 1.3 %

Shares of Electronic Arts stock opened at $127.27 on Friday. The stock has a market capitalization of $34.03 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The stock has a 50 day moving average price of $134.75 and a two-hundred day moving average price of $134.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

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 net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $2.29 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.14%.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,144 shares of company stock valued at $5,143,560. Corporate insiders own 0.20% of the company’s stock.

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.