Fiduciary Group LLC Decreases Position in Electronic Arts Inc. (NASDAQ:EA)

Fiduciary Group LLC reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 29.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,045 shares of the game software company’s stock after selling 19,351 shares during the period. Fiduciary Group LLC’s holdings in Electronic Arts were worth $6,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EA. AE Wealth Management LLC lifted its holdings in Electronic Arts by 41.4% in the 3rd quarter. AE Wealth Management LLC now owns 3,441 shares of the game software company’s stock worth $414,000 after buying an additional 1,007 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Electronic Arts by 20.6% in the third quarter. IFP Advisors Inc now owns 608 shares of the game software company’s stock worth $73,000 after acquiring an additional 104 shares in the last quarter. Czech National Bank boosted its holdings in Electronic Arts by 39.7% in the third quarter. Czech National Bank now owns 43,089 shares of the game software company’s stock valued at $5,188,000 after purchasing an additional 12,250 shares during the last quarter. Bremer Bank National Association grew its stake in Electronic Arts by 16.9% during the 3rd quarter. Bremer Bank National Association now owns 22,298 shares of the game software company’s stock valued at $2,685,000 after purchasing an additional 3,224 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Electronic Arts by 4.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,542 shares of the game software company’s stock worth $4,881,000 after purchasing an additional 1,711 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jeff Huber sold 11,872 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the sale, the director now owns 79,381 shares of the company’s stock, valued at $11,264,163.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Jeff Huber sold 11,872 shares of Electronic Arts stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the sale, the director now directly owns 79,381 shares in the company, valued at $11,264,163.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Luis A. Ubinas sold 4,872 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total transaction of $666,684.48. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,114,335 in the last quarter. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Benchmark reaffirmed a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. Oppenheimer reissued an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Tuesday, April 23rd. BMO Capital Markets assumed coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Finally, UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded up $0.59 during mid-day trading on Friday, hitting $127.90. The company had a trading volume of 1,220,603 shares, compared to its average volume of 1,679,358. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The firm’s 50 day simple moving average is $133.38 and its two-hundred day simple moving average is $134.58.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share 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 during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business earned $2.29 earnings per share. Electronic Arts’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts forecast that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

About Electronic Arts

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.