Sanctuary Advisors LLC Sells 120 Shares of Electronic Arts Inc. (NASDAQ:EA)

Sanctuary Advisors LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,208 shares of the game software company’s stock after selling 120 shares during the quarter. Sanctuary Advisors LLC’s holdings in Electronic Arts were worth $1,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the third quarter worth approximately $25,000. Pinnacle Bancorp Inc. grew its position in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter valued at $36,000. Larson Financial Group LLC lifted its position in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. boosted its stake in Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EA. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. Robert W. Baird cut their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Finally, Bank of America increased their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average target price of $154.55.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at $3,888,935.22. This represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,500 shares of company stock worth $3,593,095 in the last quarter. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $134.05 on Tuesday. The business’s fifty day simple moving average is $136.64 and its 200 day simple moving average is $146.16. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market capitalization of $34.94 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS 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, analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

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.