Kintegral Advisory LLC Reduces Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Kintegral Advisory LLC trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,530 shares of the game software company’s stock after selling 1,002 shares during the quarter. Kintegral Advisory LLC’s holdings in Electronic Arts were worth $3,150,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its position in Electronic Arts by 5.3% during the 3rd quarter. Creative Planning now owns 26,676 shares of the game software company’s stock valued at $3,826,000 after acquiring an additional 1,351 shares in the last quarter. Raymond James & Associates lifted its holdings in Electronic Arts by 10.7% in the 3rd quarter. Raymond James & Associates now owns 129,387 shares of the game software company’s stock valued at $18,559,000 after purchasing an additional 12,468 shares in the last quarter. Signaturefd LLC raised its position in Electronic Arts by 5.8% in the third quarter. Signaturefd LLC now owns 4,371 shares of the game software company’s stock valued at $627,000 after purchasing an additional 238 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new stake in Electronic Arts during the 3rd quarter worth approximately $209,000. Finally, International Assets Investment Management LLC acquired a new stake in Electronic Arts during the third quarter worth approximately $3,313,000. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of several research reports. Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets dropped their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, UBS Group lifted their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $154.55.

Electronic Arts Trading Up 0.7 %

NASDAQ EA opened at $130.93 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $34.12 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 3.54 and a beta of 0.79. The business’s fifty day moving average is $137.09 and its 200 day moving average is $146.24.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts expect that Electronic Arts Inc. will post 4.75 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the transaction, the executive vice president now owns 24,886 shares in the company, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,500 shares of company stock worth $3,593,095 in the last 90 days. 0.22% of the stock is owned by company insiders.

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.