Blair William & Co. IL Lowers Stake in Electronic Arts Inc. (NASDAQ:EA)

Blair William & Co. IL decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,288 shares of the game software company’s stock after selling 346 shares during the quarter. Blair William & Co. IL’s holdings in Electronic Arts were worth $1,573,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. grew its stake in shares of Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after buying an additional 79 shares during the period. Grove Bank & Trust grew its position in Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after acquiring an additional 94 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after acquiring an additional 97 shares during the last quarter. Claro Advisors LLC raised its holdings in shares of Electronic Arts by 5.6% in the 1st quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock worth $250,000 after purchasing an additional 100 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Electronic Arts by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,909 shares of the game software company’s stock valued at $2,913,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on EA. UBS Group lifted their price target on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group increased their price target on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Oppenheimer boosted their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $154.00 target price on shares of Electronic Arts in a research note on Tuesday, July 30th. Finally, Roth Mkm reiterated a “neutral” rating and set a $154.00 target price on shares of Electronic Arts in a report on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the sale, the chief executive officer now directly owns 59,247 shares in the company, valued at $8,437,957.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $144.86, for a total transaction of $144,860.00. Following the completion of the transaction, the executive vice president now directly owns 29,317 shares in the company, valued at approximately $4,246,860.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $142.42, for a total value of $356,050.00. Following the completion of the sale, the chief executive officer now directly owns 59,247 shares in the company, valued at approximately $8,437,957.74. The disclosure for this sale can be found here. In the last three months, insiders sold 24,570 shares of company stock worth $3,621,343. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

EA opened at $141.07 on Tuesday. The company has a fifty day moving average price of $146.07 and a two-hundred day moving average price of $137.77. The firm has a market capitalization of $37.49 billion, a PE ratio of 30.14, a P/E/G ratio of 1.97 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, analysts anticipate 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. Stockholders of record on Wednesday, August 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

About Electronic Arts

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.