Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,833 shares of the game software company’s stock after selling 277 shares during the period. Prestige Wealth Management Group LLC’s holdings in Electronic Arts were worth $561,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EA. Pinnacle Bancorp Inc. grew its stake in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Electronic Arts in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts during the 4th quarter worth about $41,000. Finally, Larson Financial Group LLC lifted its position in Electronic Arts by 31.8% during 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, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. This represents a 13.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the completion of the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at $1,296,575. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,000 shares of company stock worth $3,166,740. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Up 0.2 %

Shares of NASDAQ:EA opened at $144.55 on Tuesday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market cap of $37.67 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $132.81 and a 200 day moving average price of $144.61.

Electronic Arts (NASDAQ:EA) last posted its quarterly 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 return on equity of 17.80% and a net margin of 14.28%. As a group, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EA shares. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. Ascendiant Capital Markets increased their target price on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Bank of America increased their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Benchmark raised their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. Finally, BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $155.65.

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.