EverSource Wealth Advisors LLC Decreases Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

EverSource Wealth Advisors LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,285 shares of the game software company’s stock after selling 220 shares during the period. EverSource Wealth Advisors LLC’s holdings in Electronic Arts were worth $188,000 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 made changes to their positions in EA. Pinnacle Bancorp Inc. lifted its holdings in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Electronic Arts in the 4th quarter valued at $32,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts in the 4th quarter valued at $41,000. Larson Financial Group LLC lifted its holdings in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Electronic Arts in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent research reports. BMO Capital Markets cut their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. Bank of America raised their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Stifel Nicolaus cut their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Finally, Roth Mkm cut their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $154.78.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred 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 transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the transaction, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $3,194,240 over the last 90 days. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Performance

Shares of EA opened at $138.71 on Monday. The stock has a 50-day simple moving average of $132.85 and a 200-day simple moving average of $144.85. The stock has a market capitalization of $36.15 billion, a PE ratio of 35.30, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is 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.