Electronic Arts Inc. $EA Shares Sold by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 62.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,717 shares of the game software company’s stock after selling 2,834 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Electronic Arts were worth $351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Electronic Arts by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after purchasing an additional 50 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after purchasing an additional 59 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Electronic Arts by 3.6% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after purchasing an additional 67 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Electronic Arts by 20.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after purchasing an additional 68 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $499,875.00. Following the sale, the insider directly owned 45,843 shares in the company, valued at $9,166,307.85. This represents a 5.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer owned 5,897 shares in the company, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,600 shares of company stock valued at $5,553,319 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Electronic Arts stock opened at $202.56 on Tuesday. The firm has a market cap of $50.69 billion, a PE ratio of 76.15, a price-to-earnings-growth ratio of 2.18 and a beta of 0.73. Electronic Arts Inc. has a 52-week low of $141.04 and a 52-week high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $201.14 and its two-hundred day moving average is $201.94.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 28.57%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup decreased their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $188.30.

About Electronic Arts

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.