Mayar Capital Ltd. Lowers Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Mayar Capital Ltd. reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 84.9% during the 4th quarter, Holdings Channel reports. The firm owned 12,152 shares of the game software company’s stock after selling 68,478 shares during the quarter. Electronic Arts makes up about 2.3% of Mayar Capital Ltd.’s holdings, making the stock its 11th largest holding. Mayar Capital Ltd.’s holdings in Electronic Arts were worth $1,778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts during the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. raised its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Electronic Arts in the 4th quarter valued at $32,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC boosted its stake in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the sale, the executive vice president now owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock valued at $3,428,645 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

Shares of EA opened at $140.04 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a market cap of $36.50 billion, a P/E ratio of 35.63, a PEG ratio of 3.58 and a beta of 0.78. The firm’s 50 day moving average price is $133.66 and its 200 day moving average price is $145.24.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s payout ratio is 19.34%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EA. Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets reduced their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Roth Mkm dropped their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Stifel Nicolaus reduced their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Finally, Citigroup cut their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $154.78.

Electronic Arts Profile

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.