Xponance Inc. Reduces Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Xponance Inc. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,679 shares of the game software company’s stock after selling 1,670 shares during the quarter. Xponance Inc.’s holdings in Electronic Arts were worth $5,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. raised its stake in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares during the period. Cape Investment Advisory Inc. raised its stake in 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 purchasing an additional 101 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Electronic Arts during the 1st quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts in the 2nd quarter worth approximately $28,000. Finally, YHB Investment Advisors Inc. purchased a new position in Electronic Arts in the 1st quarter worth approximately $30,000. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the transaction, the chief executive officer now owns 59,247 shares of the company’s stock, valued at approximately $8,437,957.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the transaction, the chief executive officer now owns 59,247 shares of the company’s stock, valued at approximately $8,437,957.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the transaction, the insider now directly owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Insiders have sold 24,570 shares of company stock valued at $3,621,343 in the last quarter. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $141.64 on Wednesday. The company has a market cap of $37.64 billion, a P/E ratio of 30.26, a P/E/G ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The business’s 50 day moving average price is $145.97 and its 200-day moving average price is $137.82. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $153.51.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Sell-side analysts predict that Electronic Arts Inc. will post 5.89 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $148.00 to $161.00 in a report on Monday, July 15th. TD Cowen boosted their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group boosted their price target on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wedbush boosted their price target on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $161.94.

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.