Jacobs & Co. CA Cuts Position in Electronic Arts Inc. $EA

Jacobs & Co. CA reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 54,267 shares of the game software company’s stock after selling 3,395 shares during the period. Jacobs & Co. CA’s holdings in Electronic Arts were worth $10,945,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Salomon & Ludwin LLC raised its stake in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock valued at $323,000 after purchasing an additional 72 shares in the last quarter. Financial Management Professionals Inc. raised its position in Electronic Arts by 13.6% in the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock valued at $102,000 after purchasing an additional 76 shares during the period. STF Management LP raised its position in Electronic Arts by 2.0% in the second quarter. STF Management LP now owns 3,944 shares of the game software company’s stock valued at $630,000 after purchasing an additional 76 shares during the period. Finally, NewSquare Capital LLC lifted its stake in shares of Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Monday, November 17th. The shares were sold at an average price of $201.05, for a total value of $1,005,250.00. Following the completion of the transaction, the chief executive officer owned 48,858 shares of the company’s stock, valued at $9,822,900.90. The trade was a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total transaction of $504,475.00. Following the sale, the insider owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. The trade was a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 132,469 shares of company stock worth $26,466,829 in the last quarter. Insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of EA stock opened at $203.73 on Monday. The firm has a fifty day moving average of $201.32 and a two-hundred day moving average of $176.43. The firm has a market cap of $50.95 billion, a P/E ratio of 59.57, a P/E/G ratio of 2.44 and a beta of 0.76. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $204.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 EPS. As a group, research analysts anticipate 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 Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is currently 22.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley raised their target price on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Citigroup raised their price target on shares of Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Oppenheimer lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. BMO Capital Markets raised their target price on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. Finally, Cowen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $181.21.

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.