Howe & Rusling Inc. Sells 341 Shares of Electronic Arts Inc. (NASDAQ:EA)

Howe & Rusling Inc. lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,712 shares of the game software company’s stock after selling 341 shares during the quarter. Howe & Rusling Inc.’s holdings in Electronic Arts were worth $250,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts in the 4th quarter worth about $41,000. Finally, Larson Financial Group LLC boosted its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of several recent analyst reports. 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 report on Thursday, January 23rd. Benchmark boosted their price objective on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Monday. Bank of America increased their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Roth Mkm decreased their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and a consensus price target of $155.65.

Electronic Arts Stock Performance

Shares of EA opened at $145.30 on Friday. The business has a 50-day simple moving average of $133.00 and a two-hundred day simple moving average of $144.62. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a market cap of $37.87 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its 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%. On average, analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the transaction, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares in the company, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,000 shares of company stock worth $3,018,560. Corporate insiders own 0.22% of the company’s stock.

About Electronic Arts

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.