Inceptionr LLC Cuts Position in Electronic Arts Inc. $EA

Inceptionr LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 16.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,020 shares of the game software company’s stock after selling 965 shares during the quarter. Inceptionr LLC’s holdings in Electronic Arts were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC increased its position in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after purchasing an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Electronic Arts by 3.7% during the second 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 during the last quarter. Bank of Jackson Hole Trust grew its stake in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of Electronic Arts by 13.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after buying an additional 76 shares in the last quarter. Finally, STF Management LP increased its holdings in shares of Electronic Arts by 2.0% in the 2nd quarter. STF Management LP now owns 3,944 shares of the game software company’s stock worth $630,000 after buying an additional 76 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Up 0.1%

Shares of NASDAQ:EA opened at $201.92 on Thursday. The firm has a market capitalization of $50.50 billion, a PE ratio of 59.04, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The business has a 50 day simple moving average of $197.15 and a two-hundred day simple moving average of $171.67. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. 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 quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. On average, equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is 22.22%.

Insider Activity

In related news, Director Jeff Huber sold 79,381 shares of Electronic Arts stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $201.17, for a total transaction of $15,969,075.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.42, for a total transaction of $241,704.00. Following the completion of the sale, the insider directly owned 34,760 shares of the company’s stock, valued at approximately $7,001,359.20. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 137,369 shares of company stock valued at $27,307,702. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EA. Wedbush reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Electronic Arts in a report on Monday, September 29th. Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and upped their price objective for the company from $200.00 to $210.00 in a research report on Tuesday, September 30th. Citigroup raised their price objective on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Wall Street Zen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average price target of $181.64.

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.