Coldstream Capital Management Inc. Sells 303 Shares of Electronic Arts Inc. $EA

Coldstream Capital Management Inc. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,113 shares of the game software company’s stock after selling 303 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Electronic Arts were worth $497,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EA. Norden Group LLC bought a new stake in Electronic Arts during the second quarter worth $214,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Electronic Arts by 34.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after acquiring an additional 10,453 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth about $319,000. Vest Financial LLC raised its holdings in shares of Electronic Arts by 5.7% in the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock valued at $44,408,000 after purchasing an additional 15,032 shares during the period. Finally, Alta Advisers Ltd bought a new stake in shares of Electronic Arts in the 2nd quarter valued at about $205,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $201.65, for a total transaction of $302,475.00. Following the completion of the sale, the chief financial officer directly owned 5,595 shares in the company, valued at approximately $1,128,231.75. This represents a 21.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $201.06, for a total value of $502,650.00. Following the sale, the insider directly owned 55,648 shares in the company, valued at approximately $11,188,586.88. This trade represents a 4.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 137,369 shares of company stock valued at $27,307,702 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Up 0.1%

EA opened at $201.92 on Friday. The stock has a fifty day moving average of $197.72 and a 200-day moving average of $171.88. The company has a market capitalization of $50.50 billion, a P/E ratio of 59.04, a P/E/G ratio of 3.04 and a beta of 0.74. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company posted $1.11 earnings per share. The company’s revenue was down 12.6% on a year-over-year basis. On average, equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s payout ratio is presently 22.22%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EA. Cowen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Oppenheimer downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 30th. Jefferies Financial Group lowered Electronic Arts from a “buy” rating to a “hold” rating and boosted their target price for the stock from $200.00 to $210.00 in a report on Tuesday, September 30th. Argus set a $210.00 price target on Electronic Arts in a report on Thursday, October 30th. Finally, DZ Bank downgraded shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $181.64.

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.