Pacer Advisors Inc. Sells 964,226 Shares of Electronic Arts Inc. $EA

Pacer Advisors Inc. lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 96.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,917 shares of the game software company’s stock after selling 964,226 shares during the quarter. Pacer Advisors Inc.’s holdings in Electronic Arts were worth $7,648,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Salomon & Ludwin LLC lifted its position in Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the period. MTM Investment Management LLC purchased a new stake in Electronic Arts during the 2nd quarter valued at $30,000. Frazier Financial Advisors LLC lifted its holdings in shares of Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after buying an additional 148 shares during the period. NewSquare Capital LLC boosted its stake in shares of Electronic Arts by 67.5% in the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after buying an additional 79 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 2nd quarter worth $37,000. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the completion of the sale, the insider owned 53,148 shares in the company, valued at approximately $10,848,038.28. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $244,932.00. Following the completion of the transaction, the insider directly owned 33,560 shares in the company, valued at approximately $6,849,931.60. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 124,969 shares of company stock valued at $25,155,156. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Up 0.0%

Shares of NASDAQ:EA opened at $204.79 on Monday. The stock has a 50 day moving average of $202.12 and a 200 day moving average of $180.49. The company has a market cap of $51.22 billion, a PE ratio of 59.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $204.84. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. Electronic Arts’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. As a group, equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on EA shares. Morgan Stanley upped their price objective on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Robert W. Baird reaffirmed a “neutral” rating and set a $210.00 price target (up previously from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Jefferies Financial Group cut shares of Electronic Arts from a “buy” rating to a “hold” rating and increased their price objective for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Hsbc Global Res cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Four research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $181.21.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.