Yousif Capital Management LLC Sells 8,735 Shares of Electronic Arts Inc. (NASDAQ:EA)

Yousif Capital Management LLC trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 20.8% during the 4th quarter, Holdings Channel reports. The firm owned 33,301 shares of the game software company’s stock after selling 8,735 shares during the quarter. Yousif Capital Management LLC’s holdings in Electronic Arts were worth $4,556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Bray Capital Advisors boosted its stake in shares of Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after purchasing an additional 110 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Electronic Arts during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC raised its position in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after acquiring an additional 102 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $38,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 0.5 %

EA opened at $127.90 on Friday. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The firm has a 50 day moving average price of $133.38 and a 200-day moving average price of $134.50. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. Electronic Arts’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Equities research analysts forecast that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

Insider Buying and Selling at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 20,258 shares in the company, valued at approximately $2,901,755.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the transaction, the insider now owns 28,683 shares in the company, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,144 shares of company stock valued at $5,114,335. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. Oppenheimer restated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Finally, UBS Group cut their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

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.