Sequoia Financial Advisors LLC Has $1.01 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Sequoia Financial Advisors LLC grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,890 shares of the game software company’s stock after purchasing an additional 843 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Electronic Arts were worth $1,008,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB increased its holdings in shares of Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $217,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after acquiring an additional 36,153 shares during the last quarter. Fisher Funds Management LTD acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $13,845,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Benchmark reduced their price target on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Oppenheimer reduced their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Bank of America boosted their price target on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Ascendiant Capital Markets boosted their price target on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research note on Monday, January 27th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $154.78.

Electronic Arts Price Performance

Shares of EA stock opened at $138.71 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a market cap of $36.15 billion, a P/E ratio of 35.30, a P/E/G ratio of 3.58 and a beta of 0.78. The business has a fifty day simple moving average of $132.85 and a 200 day simple moving average of $144.85.

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

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts’s payout ratio is presently 19.34%.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares of the company’s stock, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock valued at $3,194,240 in the last 90 days. Corporate insiders own 0.22% 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.