Brinker Capital Investments LLC Sells 510 Shares of Electronic Arts Inc. (NASDAQ:EA)

Brinker Capital Investments LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,224 shares of the game software company’s stock after selling 510 shares during the quarter. Brinker Capital Investments LLC’s holdings in Electronic Arts were worth $1,067,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Oak Wealth Management Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter valued at $25,000. Neo Ivy Capital Management increased its stake in shares of Electronic Arts by 70.1% in the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock valued at $31,000 after acquiring an additional 108 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Electronic Arts in the 3rd quarter valued at $32,000. J.W. Cole Advisors Inc. bought a new stake in shares of Electronic Arts in the 1st quarter valued at $35,000. Finally, Pinnacle Financial Partners Inc. acquired a new stake in Electronic Arts in the 3rd quarter valued at $36,000. Institutional investors own 89.46% of the company’s stock.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $126.29, for a total transaction of $101,032.00. Following the sale, the insider now directly owns 25,314 shares in the company, valued at $3,196,905.06. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $126.29, for a total transaction of $101,032.00. Following the sale, the insider now directly owns 25,314 shares in the company, valued at $3,196,905.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Laura Miele sold 1,500 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $123.59, for a total value of $185,385.00. Following the sale, the chief operating officer now owns 31,082 shares in the company, valued at $3,841,424.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,785 shares of company stock worth $4,550,770. Company insiders own 0.37% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $125.99 on Friday. The company’s 50-day moving average is $125.60 and its 200 day moving average is $125.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $34.78 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. Electronic Arts Inc. has a fifty-two week low of $109.24 and a fifty-two week high of $142.79.

Electronic Arts (NASDAQ:EAGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The game software company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 16.42% and a net margin of 12.37%. On average, equities research analysts forecast that Electronic Arts Inc. will post 5.53 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Wednesday, November 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, November 29th. Electronic Arts’s dividend payout ratio is currently 23.68%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EA shares. Morgan Stanley reduced their price target on shares of Electronic Arts from $145.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wedbush reduced their price target on shares of Electronic Arts from $170.00 to $164.00 and set an “outperform” rating for the company in a research report on Wednesday, November 2nd. Benchmark reduced their price target on shares of Electronic Arts from $188.00 to $150.00 in a research report on Tuesday, January 17th. StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on shares of Electronic Arts from $153.00 to $144.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.95.

Electronic Arts Company Profile

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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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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