Physician Wealth Advisors Inc. Decreases Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Physician Wealth Advisors Inc. decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,245 shares of the game software company’s stock after selling 195 shares during the period. Physician Wealth Advisors Inc.’s holdings in Electronic Arts were worth $182,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its position in shares of Electronic Arts by 15.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,174 shares of the game software company’s stock valued at $313,000 after acquiring an additional 290 shares during the period. Schroder Investment Management Group grew its stake in Electronic Arts by 100.8% during the 4th quarter. Schroder Investment Management Group now owns 801,915 shares of the game software company’s stock valued at $117,513,000 after purchasing an additional 402,501 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Electronic Arts by 591.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company’s stock valued at $101,951,000 after purchasing an additional 596,141 shares during the period. Intrust Bank NA raised its stake in shares of Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares during the last quarter. Finally, Allstate Corp acquired a new stake in shares of Electronic Arts during the fourth quarter worth about $1,091,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.7 %

EA stock opened at $144.25 on Monday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $133.05 and a 200-day simple moving average of $144.63. The stock has a market capitalization of $37.59 billion, a P/E ratio of 36.70, a P/E/G ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data 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%. Equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Analyst Upgrades and Downgrades

EA has been the topic of several research reports. Robert W. Baird cut their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Friday, January 31st. Benchmark increased their price target on Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Finally, Ascendiant Capital Markets boosted their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $155.65.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares in the company, valued at approximately $4,647,637.50. The trade was a 13.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,018,560 over the last three months. Insiders own 0.22% of the company’s stock.

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.