Liontrust Investment Partners LLP Decreases Position in Electronic Arts Inc. (NASDAQ:EA)

Liontrust Investment Partners LLP decreased its position in Electronic Arts Inc. (NASDAQ:EAFree Report) by 5.4% during the 3rd quarter, Holdings Channel reports. The fund owned 183,248 shares of the game software company’s stock after selling 10,422 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Electronic Arts were worth $22,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EA. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Electronic Arts in the third quarter valued at about $26,000. Bray Capital Advisors boosted its holdings in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after buying an additional 110 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter worth about $26,000. Bell Investment Advisors Inc boosted its holdings in Electronic Arts by 60.6% during the second quarter. Bell Investment Advisors Inc now owns 228 shares of the game software company’s stock worth $30,000 after buying an additional 86 shares in the last quarter. Finally, Neo Ivy Capital Management boosted its holdings in Electronic Arts by 70.1% during the second quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock worth $31,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. TheStreet raised shares of Electronic Arts from a “c+” rating to a “b-” rating in a report on Monday, November 27th. JPMorgan Chase & Co. upped their price target on shares of Electronic Arts from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Electronic Arts from $135.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, November 21st. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.94.

Check Out Our Latest Report on Electronic Arts

Electronic Arts Trading Up 1.3 %

EA stock traded up $1.78 on Friday, hitting $140.63. 1,151,668 shares of the company were exchanged, compared to its average volume of 1,702,442. Electronic Arts Inc. has a twelve month low of $108.53 and a twelve month high of $143.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.38. The business’s fifty day moving average is $137.59 and its two-hundred day moving average is $130.17. The stock has a market capitalization of $37.60 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 2.12 and a beta of 0.78.

Electronic Arts (NASDAQ:EAGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted $2.29 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Wednesday, February 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, February 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.14%.

Insider Buying and Selling

In other news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $134.45, for a total value of $134,450.00. Following the completion of the sale, the insider now owns 20,922 shares of the company’s stock, valued at $2,812,962.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $135.50, for a total value of $108,400.00. Following the completion of the sale, the insider now owns 29,483 shares of the company’s stock, valued at $3,994,946.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $134.45, for a total transaction of $134,450.00. Following the completion of the transaction, the insider now owns 20,922 shares of the company’s stock, valued at $2,812,962.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,159 shares of company stock valued at $3,043,429. Insiders own 0.20% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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