Electronic Arts Inc. (NASDAQ:EA) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 45.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,211 shares of the game software company’s stock after selling 6,840 shares during the quarter. AlphaQuest LLC’s holdings in Electronic Arts were worth $1,201,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Claro Advisors LLC lifted its holdings in shares of Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after purchasing an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after purchasing an additional 76 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after purchasing an additional 81 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after purchasing an additional 82 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at $1,296,575. This represents a 10.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the transaction, the executive vice president now directly owns 24,886 shares in the company, valued at approximately $3,888,935.22. This represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on EA shares. Oppenheimer reduced their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Robert W. Baird reduced their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Stifel Nicolaus reduced their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Roth Mkm reduced their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus target price of $154.78.

Electronic Arts Stock Performance

EA opened at $140.04 on Monday. The stock has a market cap of $36.50 billion, a P/E ratio of 35.63, a P/E/G ratio of 3.58 and a beta of 0.78. 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 stock’s 50 day simple moving average is $133.66 and its 200 day simple moving average is $145.21. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results 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, equities analysts anticipate 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. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

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.