Integrated Advisors Network LLC Sells 941 Shares of Electronic Arts Inc. (NASDAQ:EA)

Integrated Advisors Network LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,248 shares of the game software company’s stock after selling 941 shares during the quarter. Integrated Advisors Network LLC’s holdings in Electronic Arts were worth $444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EA. Kestra Advisory Services LLC raised its position in shares of Electronic Arts by 28.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 11,485 shares of the game software company’s stock valued at $1,383,000 after buying an additional 2,573 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Electronic Arts in the 3rd quarter worth $3,591,000. Envestnet Asset Management Inc. raised its position in Electronic Arts by 6.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 201,074 shares of the game software company’s stock worth $24,209,000 after purchasing an additional 11,416 shares during the period. CI Investments Inc. raised its position in Electronic Arts by 7.9% in the 3rd quarter. CI Investments Inc. now owns 4,638 shares of the game software company’s stock worth $558,000 after purchasing an additional 339 shares during the period. Finally, CenterBook Partners LP purchased a new position in Electronic Arts in the 3rd quarter worth $607,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.4 %

NASDAQ:EA opened at $138.13 on Wednesday. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50-day simple moving average is $130.62 and its 200 day simple moving average is $134.78. The firm has a market capitalization of $36.80 billion, a P/E ratio of 29.51, a PEG ratio of 2.17 and a beta of 0.80.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. As a group, analysts forecast that Electronic Arts Inc. will post 5.7 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. Electronic Arts’s dividend payout ratio is presently 16.24%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total value of $101,312.00. Following the transaction, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the transaction, the chief executive officer now directly owns 25,930 shares in the company, valued at $3,388,013.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the transaction, the insider now owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,539 shares of company stock worth $3,089,969. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EA. Benchmark reiterated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. UBS Group decreased their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Oppenheimer restated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. Roth Mkm decreased their price objective on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, Wedbush restated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 8th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $147.00.

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.