Electronic Arts Inc. (NASDAQ:EA) Stake Lessened by North Growth Management Ltd.

North Growth Management Ltd. reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,000 shares of the game software company’s stock after selling 1,000 shares during the period. Electronic Arts comprises approximately 1.7% of North Growth Management Ltd.’s holdings, making the stock its 26th biggest position. North Growth Management Ltd.’s holdings in Electronic Arts were worth $9,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in Electronic Arts during the second quarter worth about $749,000. Mather Group LLC. lifted its holdings in shares of Electronic Arts by 18.5% in the 3rd quarter. Mather Group LLC. now owns 1,024 shares of the game software company’s stock worth $147,000 after purchasing an additional 160 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Electronic Arts during the 3rd quarter valued at approximately $216,000. CWM LLC boosted its position in Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after purchasing an additional 95 shares during the period. Finally, Wedmont Private Capital increased its position in Electronic Arts by 5.5% in the third quarter. Wedmont Private Capital now owns 2,318 shares of the game software company’s stock worth $331,000 after buying an additional 120 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated 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 $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,000 shares of company stock valued at $3,889,585. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $128.60 on Friday. The business has a fifty day simple moving average of $143.99 and a 200 day simple moving average of $147.36. The company has a current ratio of 1.38, a quick ratio of 1.43 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 has a market cap of $33.52 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 2.74 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is 19.34%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Monday, January 27th. Benchmark reduced their price objective on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup cut their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. BMO Capital Markets cut 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 research note on Wednesday. Finally, Roth Mkm lowered their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $155.24.

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.