Lecap Asset Management Ltd. Decreases Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Lecap Asset Management Ltd. cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,696 shares of the game software company’s stock after selling 1,674 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Electronic Arts were worth $687,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted 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 buying an additional 117 shares during the period. Reston Wealth Management LLC bought a new position in Electronic Arts during the third quarter valued at $36,000. Bruce G. Allen Investments LLC raised its stake in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after acquiring an additional 166 shares during the period. Finally, Larson Financial Group LLC lifted 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 worth $42,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the sale, the insider now owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the transaction, the executive vice president now directly owns 23,360 shares of the company’s stock, valued at approximately $3,814,688. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,000 shares of company stock valued at $3,889,585. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EA shares. BMO Capital Markets cut their price target 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. Robert W. Baird reduced their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. UBS Group raised their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Bank of America upped their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Roth Mkm decreased their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average price target of $155.24.

Electronic Arts Trading Down 2.6 %

EA opened at $128.60 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $33.73 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.50 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock has a fifty day moving average price of $143.99 and a 200-day moving average price of $147.33.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 5.02 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company 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. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

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.