Blair William & Co. IL Sells 338 Shares of Electronic Arts Inc. (NASDAQ:EA)

Blair William & Co. IL trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,116 shares of the game software company’s stock after selling 338 shares during the quarter. Blair William & Co. IL’s holdings in Electronic Arts were worth $1,626,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB increased its position in shares of Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. bought a new position in Electronic Arts during the 4th quarter worth about $217,000. Charles Schwab Investment Management Inc. raised its stake in shares of Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after purchasing an additional 36,153 shares during the period. Fisher Funds Management LTD acquired a new stake in shares of Electronic Arts in the 4th quarter valued at about $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $13,845,000. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,018,560 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $145.67 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $37.96 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 3.58 and a beta of 0.78. The stock’s fifty day moving average price is $133.15 and its two-hundred day moving average price is $144.63. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Ascendiant Capital Markets lifted their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Robert W. Baird reduced their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Roth Mkm lowered their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. 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 presently has a consensus rating of “Hold” and a consensus 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.