NBW Capital LLC Sells 631 Shares of Electronic Arts Inc. (NASDAQ:EA)

NBW Capital LLC lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,865 shares of the game software company’s stock after selling 631 shares during the period. NBW Capital LLC’s holdings in Electronic Arts were worth $5,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 26,505 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Electronic Arts by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock worth $261,772,000 after purchasing an additional 23,289 shares during the last quarter. Swedbank AB grew its holdings in shares of Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after purchasing an additional 95,190 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after purchasing an additional 989,319 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after purchasing an additional 373,730 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EA shares. Argus lifted their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Stifel Nicolaus cut their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average price target of $154.78.

Electronic Arts Trading Up 0.1 %

NASDAQ EA opened at $129.23 on Tuesday. The company has a market cap of $33.68 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The business has a 50 day moving average price of $134.72 and a 200-day moving average price of $145.59. 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 (NASDAQ:EA) last announced its quarterly earnings results 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 return on equity of 17.80% and a net margin of 14.28%. As a group, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Insider Buying and Selling

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

Electronic Arts Company 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.