Jacobs & Co. CA Cuts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Jacobs & Co. CA cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,820 shares of the game software company’s stock after selling 85 shares during the quarter. Jacobs & Co. CA’s holdings in Electronic Arts were worth $7,226,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its position in shares of Electronic Arts by 23.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock worth $2,753,000 after purchasing an additional 4,411 shares in the last quarter. Metis Global Partners LLC increased its stake in shares of Electronic Arts by 14.7% in the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after acquiring an additional 1,469 shares during the last quarter. Morgan Stanley increased its stake in shares of Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after acquiring an additional 389,063 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Electronic Arts by 5.1% in the 2nd quarter. Schroder Investment Management Group now owns 145,328 shares of the game software company’s stock worth $18,849,000 after acquiring an additional 6,996 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after acquiring an additional 3,600,388 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In other news, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $135.50, for a total transaction of $271,000.00. Following the transaction, the chief operating officer now owns 40,548 shares in the company, valued at $5,494,254. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the transaction, the chief executive officer now directly owns 25,930 shares of the company’s stock, valued at approximately $3,388,013.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Laura Miele sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $135.50, for a total transaction of $271,000.00. Following the transaction, the chief operating officer now directly owns 40,548 shares of the company’s stock, valued at $5,494,254. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,144 shares of company stock worth $5,160,804. Company insiders own 0.20% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $131.87 on Thursday. The company has a fifty day moving average price of $137.56 and a 200 day moving average price of $133.29. Electronic Arts Inc. has a 1-year low of $117.36 and a 1-year high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market cap of $35.26 billion, a PE ratio of 33.22, a PEG ratio of 1.94 and a beta of 0.77.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business earned $2.29 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. Research analysts predict that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s payout ratio is presently 19.14%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EA. Stifel Nicolaus increased their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. UBS Group dropped their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush restated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, Wolfe Research initiated coverage on Electronic Arts in a research report on Tuesday, December 12th. They set a “peer perform” rating on the stock. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.00.

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.