Northwest & Ethical Investments L.P. Has $13.26 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Northwest & Ethical Investments L.P. lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 14.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,629 shares of the game software company’s stock after selling 14,969 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Electronic Arts were worth $13,259,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EA. OneDigital Investment Advisors LLC raised its stake in Electronic Arts by 28.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,403 shares of the game software company’s stock valued at $775,000 after acquiring an additional 1,200 shares during the period. Thrivent Financial for Lutherans boosted its stake in Electronic Arts by 4.9% in the third quarter. Thrivent Financial for Lutherans now owns 62,486 shares of the game software company’s stock worth $8,963,000 after buying an additional 2,898 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Electronic Arts by 3.6% in the third quarter. Pathstone Holdings LLC now owns 23,622 shares of the game software company’s stock worth $3,388,000 after buying an additional 821 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Electronic Arts by 3.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,754 shares of the game software company’s stock valued at $682,000 after purchasing an additional 180 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Electronic Arts in the third quarter valued at approximately $2,362,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.1 %

Shares of EA opened at $141.97 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $37.00 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The stock’s fifty day simple moving average is $132.71 and its 200 day simple moving average is $144.71. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

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

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred 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 transaction, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts 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 sale, the chief executive officer now owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,194,240 over the last quarter. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Oppenheimer dropped their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets lowered their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Robert W. Baird decreased their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Finally, Bank of America raised their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $154.78.

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.