Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,239 shares of the game software company’s stock after selling 1,602 shares during the quarter. Stevens Capital Management LP’s holdings in Electronic Arts were worth $1,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bray Capital Advisors increased its stake in shares of Electronic Arts by 100.0% in the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after buying an additional 110 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Electronic Arts during the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its position in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after acquiring an additional 102 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $38,000. Finally, MCF Advisors LLC raised its position in shares of Electronic Arts by 36.9% during the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after acquiring an additional 96 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the sale, the chief executive officer now directly owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. Insiders have sold a total of 34,644 shares of company stock worth $4,796,360 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Tuesday. Stifel Nicolaus upped their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. UBS Group cut their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Benchmark restated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Stock Up 0.5 %

EA stock traded up $0.59 during midday trading on Friday, reaching $127.90. The company had a trading volume of 1,220,563 shares, compared to its average volume of 1,997,235. The company has a 50 day moving average of $133.67 and a two-hundred day moving average of $134.48. The company has a market capitalization of $34.19 billion, a P/E ratio of 32.07, a PEG ratio of 1.78 and a beta of 0.76. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. Electronic Arts’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 earnings per share. On average, equities research analysts expect that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

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.