Kestra Private Wealth Services LLC lessened its position in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 34.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,402 shares of the game software company’s stock after selling 1,237 shares during the period. Kestra Private Wealth Services LLC’s holdings in Electronic Arts were worth $294,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in EA. Cetera Advisor Networks LLC raised its position in shares of Electronic Arts by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock valued at $439,000 after purchasing an additional 363 shares during the period. Raymond James Trust N.A. increased its holdings in Electronic Arts by 8.4% in the 1st quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock valued at $564,000 after buying an additional 347 shares during the period. Cibc World Market Inc. boosted its stake in shares of Electronic Arts by 3.8% in the 1st quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock valued at $1,897,000 after purchasing an additional 548 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Electronic Arts by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock valued at $109,653,000 after purchasing an additional 13,934 shares in the last quarter. Finally, Prudential PLC boosted its stake in shares of Electronic Arts by 208.9% in the 1st quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock valued at $1,785,000 after purchasing an additional 9,544 shares in the last quarter. Institutional investors own 89.46% of the company’s stock.
Insider Buying and Selling at Electronic Arts
In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $129.00, for a total value of $645,000.00. Following the completion of the sale, the chief executive officer now owns 80,274 shares of the company’s stock, valued at $10,355,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $129.00, for a total transaction of $645,000.00. Following the completion of the transaction, the chief executive officer now owns 80,274 shares of the company’s stock, valued at $10,355,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $120.14, for a total value of $96,112.00. Following the transaction, the insider now owns 23,755 shares of the company’s stock, valued at $2,853,925.70. The disclosure for this sale can be found here. Insiders have sold 13,940 shares of company stock worth $1,715,546 over the last ninety days. Insiders own 0.37% of the company’s stock.
Analyst Upgrades and Downgrades
Electronic Arts Stock Down 0.7 %
EA stock opened at $128.18 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $116.63 and its 200 day moving average is $122.01. The stock has a market cap of $35.15 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 8.78 and a beta of 0.87. Electronic Arts Inc. has a 1-year low of $108.53 and a 1-year high of $142.79.
Electronic Arts (NASDAQ:EA – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The game software company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($1.89). The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.50 billion. Electronic Arts had a return on equity of 14.38% and a net margin of 14.08%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the company posted $2.80 earnings per share. Sell-side analysts predict that Electronic Arts Inc. will post 4.43 EPS for the current fiscal year.
Electronic Arts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, February 28th. Electronic Arts’s payout ratio is currently 20.49%.
About Electronic Arts
Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.
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