Mercer Global Advisors Inc. ADV Has $3.59 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Mercer Global Advisors Inc. ADV cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,796 shares of the game software company’s stock after selling 505 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Electronic Arts were worth $3,594,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of EA. North Star Investment Management Corp. raised its holdings in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts during the first quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts in the 2nd quarter valued at about $28,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Electronic Arts in the 1st quarter valued at approximately $30,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $139.55 on Monday. The business has a 50-day moving average price of $146.15 and a two-hundred day moving average price of $137.73. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $153.51. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $37.08 billion, a P/E ratio of 29.82, a PEG ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, analysts anticipate that Electronic Arts Inc. will post 5.89 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now directly owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total value of $350,650.00. Following the sale, the chief executive officer now owns 61,747 shares in the company, valued at approximately $8,660,634.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,570 shares of company stock valued at $4,183,508. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EA shares. Stifel Nicolaus increased their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen boosted their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Bank of America boosted their target price on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $154.00 price target on shares of Electronic Arts in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $161.94.

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.