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

FCF Advisors LLC trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,049 shares of the game software company’s stock after selling 663 shares during the period. FCF Advisors LLC’s holdings in Electronic Arts were worth $2,589,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. North Star Investment Management Corp. increased its holdings in shares of 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 during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $28,000. YHB Investment Advisors Inc. bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $30,000. Finally, Family Firm Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $33,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.1 %

Shares of EA traded up $0.19 during midday trading on Tuesday, reaching $143.09. 211,418 shares of the stock were exchanged, compared to its average volume of 2,088,429. Electronic Arts Inc. has a 12-month low of $119.92 and a 12-month high of $153.51. The firm has a 50 day simple moving average of $145.77 and a 200-day simple moving average of $138.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.02 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 1.91 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Research analysts forecast that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wedbush upped their price objective on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Roth Mkm reissued a “neutral” rating and issued a $154.00 price target on shares of Electronic Arts in a research note on Thursday, September 19th. Jefferies Financial Group began coverage on Electronic Arts in a research note on Thursday, July 11th. They issued a “buy” rating and a $165.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $161.94.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 3,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the chief financial officer now owns 7,553 shares of the company’s stock, valued at approximately $1,095,185. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Stuart Canfield sold 3,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the chief financial officer now owns 7,553 shares of the company’s stock, valued at approximately $1,095,185. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the sale, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,270 shares of company stock valued at $4,006,565 in the last three months. Company insiders own 0.22% of the company’s stock.

Electronic Arts Company 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.