Farther Finance Advisors LLC Sells 184 Shares of Electronic Arts Inc. (NASDAQ:EA)

Farther Finance Advisors LLC cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,912 shares of the game software company’s stock after selling 184 shares during the period. Farther Finance Advisors LLC’s holdings in Electronic Arts were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Putney Financial Group LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $32,000. LGT Financial Advisors LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $37,000. Finally, American National Bank & Trust acquired a new stake in shares of Electronic Arts during the 1st quarter worth approximately $40,000. 90.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EA shares. Benchmark boosted their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Ascendiant Capital Markets boosted their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. TD Cowen boosted their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Argus set a $170.00 price objective on shares of Electronic Arts in a report on Friday, May 16th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $161.88.

Electronic Arts Price Performance

NASDAQ:EA opened at $151.00 on Thursday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a market cap of $37.87 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.07 and a beta of 0.71. The firm’s fifty day moving average price is $147.81 and its two-hundred day moving average price is $143.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts’s dividend payout ratio (DPR) is presently 17.92%.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $148.69, for a total transaction of $223,035.00. Following the sale, the executive vice president now directly owns 29,948 shares in the company, valued at $4,452,968.12. This represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now owns 26,216 shares in the company, valued at $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,229 shares of company stock worth $3,618,199. Corporate insiders own 0.22% of the company’s stock.

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.