Seeds Investor LLC Sells 85 Shares of Electronic Arts Inc. (NASDAQ:EA)

Seeds Investor LLC trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,317 shares of the game software company’s stock after selling 85 shares during the period. Seeds Investor LLC’s holdings in Electronic Arts were worth $632,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its position in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Electronic Arts in the fourth quarter worth approximately $32,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts in the fourth quarter worth about $37,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts during the fourth quarter valued at $41,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $42,000. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Bank of America upped their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Finally, Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $155.30.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $142.93 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $136.45 and a two-hundred day moving average of $144.33. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a market capitalization of $37.25 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 3.58 and a beta of 0.79.

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

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio is 19.34%.

Insider Activity at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,000 shares of company stock valued at $3,015,990. 0.22% of the stock is owned by corporate insiders.

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.