Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,017 shares of the game software company’s stock after selling 309 shares during the quarter. Grimes & Company Inc.’s holdings in Electronic Arts were worth $666,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its position in shares of Electronic Arts by 102.0% during the 4th 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 period. Leith Wheeler Investment Counsel Ltd. increased its position in shares of Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after purchasing an additional 154,989 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Electronic Arts in the 4th quarter valued at about $30,000. Venturi Wealth Management LLC lifted its position in Electronic Arts by 81.0% in the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after buying an additional 102 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new position in Electronic Arts during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $132.82, for a total transaction of $106,256.00. Following the transaction, the insider now owns 27,083 shares in the company, valued at approximately $3,597,164.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Laura Miele sold 2,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $265,640.00. Following the completion of the sale, the chief operating officer now owns 34,772 shares in the company, valued at $4,618,417.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the transaction, the insider now directly owns 27,083 shares in the company, valued at approximately $3,597,164.06. The disclosure for this sale can be found here. Insiders sold 25,039 shares of company stock worth $3,325,484 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 0.1 %

Shares of NASDAQ:EA opened at $139.33 on Friday. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company’s 50 day moving average is $132.71 and its two-hundred day moving average is $134.91. The company has a market cap of $37.02 billion, a PE ratio of 29.77, a P/E/G ratio of 2.21 and a beta of 0.80. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Equities analysts predict that Electronic Arts Inc. will post 5.72 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Monday, June 24th. BMO Capital Markets cut their target price on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Robert W. Baird lowered their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.50.

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.