Kintegral Advisory LLC Has $3.15 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Kintegral Advisory LLC lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,530 shares of the game software company’s stock after selling 1,002 shares during the quarter. Kintegral Advisory LLC’s holdings in Electronic Arts were worth $3,150,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. Larson Financial Group LLC boosted its stake 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 valued at $42,000 after purchasing an additional 70 shares in the last quarter. Claro Advisors LLC increased its stake in shares of Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after acquiring an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after buying an additional 76 shares during the period. Ballentine Partners LLC grew its holdings in shares of Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after buying an additional 83 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 $4,969,021.20. The trade was a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares of the company’s stock, valued at $4,895,216.10. This represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,500 shares of company stock worth $3,593,095 over the last three months. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Bank of America raised their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Benchmark reduced their target price on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Finally, Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $154.55.

Electronic Arts Price Performance

EA stock opened at $130.93 on Friday. The firm’s fifty day moving average is $137.09 and its 200 day moving average is $146.24. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The firm has a market cap of $34.12 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last posted its quarterly 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 net margin of 14.28% and a return on equity of 17.80%. Research analysts predict that Electronic Arts Inc. will post 4.75 earnings per share for the current year.

Electronic Arts Announces Dividend

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