Electronic Arts Inc. (NASDAQ:EA) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 94,395 shares of the game software company’s stock after selling 446 shares during the quarter. First Horizon Advisors Inc.’s holdings in Electronic Arts were worth $13,810,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Waterfront Wealth Inc. boosted its stake in Electronic Arts by 1.9% in the fourth quarter. Waterfront Wealth Inc. now owns 7,419 shares of the game software company’s stock valued at $1,085,000 after acquiring an additional 140 shares in the last quarter. Flossbach Von Storch SE lifted its holdings in shares of Electronic Arts by 31.3% in the 4th quarter. Flossbach Von Storch SE now owns 80,502 shares of the game software company’s stock valued at $11,777,000 after purchasing an additional 19,199 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Electronic Arts by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock valued at $249,000 after purchasing an additional 90 shares during the period. Cumberland Partners Ltd grew its stake in Electronic Arts by 894.9% during the 4th quarter. Cumberland Partners Ltd now owns 24,872 shares of the game software company’s stock worth $3,639,000 after buying an additional 22,372 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management acquired a new position in Electronic Arts during the fourth quarter worth approximately $203,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. Citigroup lowered their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $154.55.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at approximately $7,047,020. This represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,500 shares of company stock worth $3,593,095 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Shares of EA opened at $130.93 on Friday. The company has a 50-day simple moving average of $137.09 and a 200-day simple moving average of $146.24. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week 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 capitalization of $34.12 billion, a PE ratio of 33.32, a P/E/G ratio of 3.58 and a beta of 0.79.

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 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%. Equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

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

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.