AdvisorShares Investments LLC Lowers Holdings in Electronic Arts Inc. (NASDAQ:EA)

AdvisorShares Investments LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,894 shares of the game software company’s stock after selling 350 shares during the quarter. AdvisorShares Investments LLC’s holdings in Electronic Arts were worth $716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new stake in Electronic Arts in the 4th quarter valued at approximately $32,000. Millstone Evans Group LLC acquired a new stake in Electronic Arts in the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the fourth quarter worth $41,000. Finally, OFI Invest Asset Management purchased a new position in shares of Electronic Arts during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the completion of the sale, the executive vice president now directly owns 19,033 shares in the company, valued at $2,772,156.45. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now directly owns 28,216 shares of the company’s stock, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock worth $3,032,740. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Up 0.1 %

EA stock opened at $146.72 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $38.24 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a fifty day moving average price of $139.70 and a 200 day moving average price of $144.51.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Sell-side analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EA shares. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Monday, January 27th. Benchmark raised their price objective on shares of Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Bank of America increased their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $154.22.

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.