Stevens Capital Management LP Has $309,000 Stake in Electronic Arts Inc. (NASDAQ:EA)

Stevens Capital Management LP cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 53.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,114 shares of the game software company’s stock after selling 2,449 shares during the period. Stevens Capital Management LP’s holdings in Electronic Arts were worth $309,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EA. Pinnacle Bancorp Inc. boosted its stake in shares of Electronic Arts by 141.0% during the fourth 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 acquired a new stake in Electronic Arts during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC bought a new stake in Electronic Arts during the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts in the 4th quarter valued at approximately $41,000. Finally, Larson Financial Group LLC raised its stake in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now directly owns 47,514 shares of the company’s stock, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the transaction, the chief financial officer now directly owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. This represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,166,740 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Up 0.2 %

EA opened at $144.55 on Tuesday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company’s 50-day moving average price is $132.81 and its two-hundred day moving average price is $144.61. The stock has a market cap of $37.67 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

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

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Analyst Ratings Changes

A number of analysts recently weighed in on EA shares. Wedbush restated an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Citigroup decreased their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Friday, January 31st. Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Finally, Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average price target of $155.65.

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.