Electronic Arts Inc. (NASDAQ:EA) Shares Sold by IFP Advisors Inc

IFP Advisors Inc lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,336 shares of the game software company’s stock after selling 255 shares during the period. IFP Advisors Inc’s holdings in Electronic Arts were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after purchasing an additional 373,730 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after purchasing an additional 314,388 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Electronic Arts during the 3rd quarter worth approximately $40,154,000. Huntington National Bank boosted its position in shares of Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Electronic Arts by 28.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock worth $134,969,000 after purchasing an additional 206,623 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $129.12 on Friday. The company’s fifty day moving average price is $135.08 and its 200 day moving average price is $145.73. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $33.65 billion, a P/E ratio of 32.85, a P/E/G ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Citigroup lowered their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. DA Davidson began coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target for the company. Finally, Bank of America raised their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $154.55.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,500 shares of company stock worth $3,593,095 in the last ninety days. 0.22% of the stock is owned by corporate insiders.

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.