Farther Finance Advisors LLC Decreases Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Farther Finance Advisors LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 21.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,096 shares of the game software company’s stock after selling 575 shares during the period. Farther Finance Advisors LLC’s holdings in Electronic Arts were worth $307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $32,000. SBI Securities Co. Ltd. bought a new position in shares of Electronic Arts in the 4th quarter worth about $41,000. Larson Financial Group LLC boosted its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Electronic Arts during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 3.0 %

NASDAQ EA opened at $142.90 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm’s fifty day simple moving average is $132.81 and its 200-day simple moving average is $144.80. The company has a market capitalization of $37.24 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

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 the consensus estimate 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, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares in the company, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the sale, the chief financial officer now directly owns 9,516 shares of the company’s stock, valued at $1,238,126.76. The trade was a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,194,240 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Ascendiant Capital Markets increased their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. 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 research note on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. BMO Capital Markets dropped their price objective 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. Finally, Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $154.78.

Electronic Arts Company 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.