Silvercrest Asset Management Group LLC Has $1.09 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Silvercrest Asset Management Group LLC reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,238 shares of the game software company’s stock after selling 348 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Electronic Arts were worth $1,093,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EA. North Star Investment Management Corp. lifted its stake in Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares during the period. Cape Investment Advisory Inc. raised its stake in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Electronic Arts in the first quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in shares of Electronic Arts in the fourth quarter valued at approximately $30,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of Electronic Arts in the first quarter valued at approximately $30,000. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on EA shares. BMO Capital Markets reissued an “outperform” rating and issued a $154.00 price target on shares of Electronic Arts in a report on Tuesday. Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their price target for the company from $148.00 to $161.00 in a report on Monday, July 15th. JPMorgan Chase & Co. raised their price target on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Benchmark reissued a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, July 18th. Finally, Jefferies Financial Group started coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.37.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the sale, the executive vice president now directly owns 17,426 shares in the company, valued at $2,215,715.90. The disclosure for this sale can be found here. Insiders have sold 23,239 shares of company stock valued at $3,197,469 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Up 0.9 %

EA opened at $149.12 on Wednesday. The stock has a market capitalization of $39.63 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.32 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $150.90. The firm’s fifty day simple moving average is $139.29 and its 200 day simple moving average is $135.71. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. As a group, research analysts anticipate that Electronic Arts Inc. will post 5.75 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

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.