Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Lessened by Mission Wealth Management LP

Mission Wealth Management LP reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 28.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,013 shares of the game software company’s stock after selling 1,563 shares during the quarter. Mission Wealth Management LP’s holdings in Electronic Arts were worth $587,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EA. Geode Capital Management LLC increased its holdings in shares of Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after acquiring an additional 26,505 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Electronic Arts by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock worth $261,772,000 after acquiring an additional 23,289 shares during the period. Swedbank AB increased its holdings in shares of Electronic Arts by 6.3% in 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 period. Los Angeles Capital Management LLC increased its stake in Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after buying an additional 989,319 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in 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 valued at $160,893,000 after buying an additional 373,730 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of EA opened at $131.82 on Wednesday. The firm’s 50 day moving average price is $134.37 and its 200 day moving average price is $145.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The firm has a market cap of $34.35 billion, a PE ratio of 33.54, a PEG ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. As a group, research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced 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. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $156.27, for a total value of $234,405.00. Following the sale, the executive vice president now owns 24,886 shares of the company’s stock, valued at $3,888,935.22. The trade was a 5.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock worth $3,428,645 in the last ninety days. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EA has been the topic of several research analyst reports. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Friday, January 31st. Roth Mkm lowered their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Robert W. Baird lowered their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. BMO Capital Markets reduced their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Bank of America raised their price objective 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $154.78.

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.