Blair William & Co. IL Cuts Position in Electronic Arts Inc. (NASDAQ:EA)

Blair William & Co. IL trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,288 shares of the game software company’s stock after selling 346 shares during the period. Blair William & Co. IL’s holdings in Electronic Arts were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Electronic Arts Price Performance

EA stock opened at $141.07 on Tuesday. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51. The firm has a market capitalization of $37.49 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The business has a 50 day simple moving average of $146.07 and a 200-day simple moving average of $137.77.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating 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 net margin of 15.77% and a return on equity of 16.34%. Equities research analysts anticipate that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal 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 paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the sale, the chief executive officer now owns 59,247 shares of the company’s stock, valued at approximately $8,437,957.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $144.86, for a total transaction of $144,860.00. Following the transaction, the executive vice president now owns 29,317 shares of the company’s stock, valued at $4,246,860.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the transaction, the chief executive officer now owns 59,247 shares in the company, valued at approximately $8,437,957.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,570 shares of company stock valued at $3,621,343. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EA shares. Jefferies Financial Group assumed coverage on Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price for the company. UBS Group lifted their price objective on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Wedbush upped their target price on shares of Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. increased their price objective on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.