Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 523,173 shares of the game software company’s stock after selling 10,204 shares during the quarter. Electronic Arts comprises approximately 1.0% of Stephens Investment Management Group LLC’s portfolio, making the stock its 29th biggest holding. Stephens Investment Management Group LLC owned approximately 0.20% of Electronic Arts worth $76,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the third quarter valued at $25,000. Pinnacle Bancorp Inc. increased its stake 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 valued at $29,000 after acquiring an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts during the 3rd quarter worth about $36,000. Larson Financial Group LLC boosted its position in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Electronic Arts by 1,458.3% in the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after purchasing an additional 350 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EA has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Argus boosted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird reduced their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research report on Monday, January 27th. Finally, Wedbush reissued an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $155.24.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the transaction, the chief financial officer now directly owns 8,750 shares of the company’s stock, valued at $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock worth $3,889,585 over the last quarter. 0.22% of the stock is owned by company insiders.

Electronic Arts Stock Performance

Shares of EA stock opened at $128.60 on Friday. The stock has a market capitalization of $33.52 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company’s 50-day simple moving average is $143.99 and its 200-day simple moving average is $147.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.38.

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%. Equities analysts anticipate that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors 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 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 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.