Ulland Investment Advisors LLC Lowers Holdings in Electronic Arts Inc. (NASDAQ:EA)

Ulland Investment Advisors LLC reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 49.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 671 shares of the game software company’s stock after selling 647 shares during the quarter. Ulland Investment Advisors LLC’s holdings in Electronic Arts were worth $96,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. North Star Investment Management Corp. boosted its stake in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 2nd quarter worth $28,000. Family Firm Inc. purchased a new position in shares of Electronic Arts in the 2nd quarter valued at about $33,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts in the first quarter valued at about $35,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Up 1.6 %

Shares of EA stock traded up $2.25 during mid-day trading on Tuesday, reaching $146.42. 484,771 shares of the company were exchanged, compared to its average volume of 2,067,317. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The business’s 50 day simple moving average is $145.24 and its 200 day simple moving average is $138.77. The company has a market capitalization of $38.91 billion, a P/E ratio of 30.81, a P/E/G ratio of 1.95 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $119.92 and a fifty-two week high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Research analysts predict that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Stifel Nicolaus increased their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group lifted their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Wedbush upped their price target on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Jefferies Financial Group assumed coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the sale, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now owns 29,190 shares of the company’s stock, valued at approximately $4,181,175.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,270 shares of company stock valued at $3,426,705 over the last quarter. Insiders own 0.22% of the company’s stock.

Electronic Arts Company 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.