Hoey Investments Inc. Has $66,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Hoey Investments Inc. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 453 shares of the game software company’s stock after selling 78 shares during the period. Hoey Investments Inc.’s holdings in Electronic Arts were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after acquiring an additional 26,505 shares in the last quarter. Amundi increased its position in Electronic Arts by 4.3% during the 4th quarter. Amundi now owns 2,990,729 shares of the game software company’s stock worth $431,315,000 after purchasing an additional 122,494 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Electronic Arts by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock valued at $261,772,000 after purchasing an additional 23,289 shares during the last quarter. Swedbank AB boosted its position in Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after buying an additional 95,190 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after buying an additional 36,153 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Activity at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the 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 sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,000 shares of company stock valued at $3,018,560. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EA shares. BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Robert W. Baird dropped their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Bank of America upped their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Finally, Wedbush reiterated an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $155.65.

Electronic Arts Trading Down 0.7 %

NASDAQ:EA opened at $144.25 on Monday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. 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 stock has a market capitalization of $37.59 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 3.58 and a beta of 0.78. The firm has a fifty day simple moving average of $133.05 and a two-hundred day simple moving average of $144.63.

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

Electronic Arts Dividend Announcement

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

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.