Doliver Advisors LP Sells 136 Shares of Electronic Arts Inc. (NASDAQ:EA)

Doliver Advisors LP trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,276 shares of the game software company’s stock after selling 136 shares during the quarter. Doliver Advisors LP’s holdings in Electronic Arts were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its stake in shares of Electronic Arts by 28.9% during the third quarter. Kestra Advisory Services LLC now owns 11,485 shares of the game software company’s stock valued at $1,383,000 after purchasing an additional 2,573 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Electronic Arts by 6.0% during the third quarter. Envestnet Asset Management Inc. now owns 201,074 shares of the game software company’s stock valued at $24,209,000 after purchasing an additional 11,416 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Electronic Arts during the third quarter valued at approximately $227,000. Stifel Financial Corp grew its stake in shares of Electronic Arts by 10.4% during the third quarter. Stifel Financial Corp now owns 84,602 shares of the game software company’s stock valued at $10,191,000 after purchasing an additional 7,989 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Electronic Arts by 21.7% during the third quarter. Federated Hermes Inc. now owns 48,566 shares of the game software company’s stock valued at $5,847,000 after purchasing an additional 8,674 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the completion of the transaction, the insider now directly owns 27,083 shares in the company, valued at approximately $3,597,164.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the completion of the transaction, the insider now directly owns 27,083 shares in the company, valued at approximately $3,597,164.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Eric Charles Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the transaction, the chief accounting officer now owns 7,458 shares of the company’s stock, valued at $997,507.50. The disclosure for this sale can be found here. Insiders sold 21,039 shares of company stock worth $2,763,319 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded up $2.17 during mid-day trading on Monday, reaching $141.23. 2,157,330 shares of the company were exchanged, compared to its average volume of 2,147,431. The company’s 50-day simple moving average is $131.34 and its 200-day simple moving average is $134.80. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $37.53 billion, a P/E ratio of 30.18, a P/E/G ratio of 2.20 and a beta of 0.80. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. As a group, research analysts predict that Electronic Arts Inc. will post 5.7 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EA. Benchmark restated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Stifel Nicolaus increased their price objective on shares of Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets cut their price objective on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. UBS Group cut their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.50.

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.