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

Farther Finance Advisors LLC reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 21.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Swedbank AB increased its position in Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in Electronic Arts in the 4th quarter worth approximately $217,000. Charles Schwab Investment Management Inc. raised its stake in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after acquiring an additional 36,153 shares during the period. Fisher Funds Management LTD purchased a new position in Electronic Arts during the fourth quarter valued at approximately $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in Electronic Arts during the fourth quarter valued at approximately $13,845,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 3.0 %

Shares of EA stock opened at $142.90 on Tuesday. The company has a market capitalization of $37.24 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $132.81 and its two-hundred day moving average is $144.80. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA) last posted 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 analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup decreased their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. Ascendiant Capital Markets lifted their target price on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target on the stock. Finally, Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Thirteen research 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.com, the company has a consensus rating of “Hold” and a consensus target price of $154.78.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at $7,047,020. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,000 shares of company stock worth $3,194,240. 0.22% of the stock is owned by corporate 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.