Claro Advisors LLC Cuts Holdings in Electronic Arts Inc. (NASDAQ:EA)

Claro Advisors LLC reduced its position in Electronic Arts Inc. (NASDAQ:EAFree Report) by 21.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,781 shares of the game software company’s stock after selling 490 shares during the period. Claro Advisors LLC’s holdings in Electronic Arts were worth $244,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares in the last quarter. State Street Corp increased its stake in Electronic Arts by 5.6% in the 2nd quarter. State Street Corp now owns 13,638,706 shares of the game software company’s stock valued at $1,768,940,000 after purchasing an additional 726,005 shares in the last quarter. Geode Capital Management LLC increased its position in Electronic Arts by 0.9% during the first quarter. Geode Capital Management LLC now owns 5,808,956 shares of the game software company’s stock worth $698,212,000 after buying an additional 52,736 shares in the last quarter. Invesco Ltd. increased its position in Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after buying an additional 301,194 shares in the last quarter. Finally, Morgan Stanley increased its position in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after buying an additional 389,063 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EA. BMO Capital Markets initiated coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. UBS Group decreased their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Wolfe Research initiated coverage on Electronic Arts in a report on Tuesday, December 12th. They set a “peer perform” rating on the stock. Wedbush restated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, Stifel Nicolaus lifted their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

View Our Latest Research Report on Electronic Arts

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the sale, the chief executive officer now owns 30,930 shares in the company, valued at $4,295,558.40. 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, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total transaction of $347,200.00. Following the completion of the transaction, the chief executive officer now owns 30,930 shares in the company, valued at approximately $4,295,558.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction 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 directly owns 20,258 shares in the company, valued at $2,901,755.92. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock worth $5,153,300 in the last three months. 0.20% of the stock is owned by insiders.

Electronic Arts Price Performance

EA stock opened at $132.15 on Wednesday. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week 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. The company has a market capitalization of $35.33 billion, a PE ratio of 33.29, a P/E/G ratio of 1.96 and a beta of 0.76. The stock’s 50 day moving average is $137.12 and its two-hundred day moving average is $133.68.

Electronic Arts (NASDAQ:EAGet Free Report) last issued its quarterly 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). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm posted $2.29 earnings per share. Electronic Arts’s revenue was up 1.0% compared to the same quarter last year. Analysts predict that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s payout ratio is currently 19.14%.

Electronic Arts Profile

(Free Report)

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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