Electronic Arts Inc. $EA Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 42.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,385 shares of the game software company’s stock after selling 11,859 shares during the period. Seizert Capital Partners LLC’s holdings in Electronic Arts were worth $2,617,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EA. Salomon & Ludwin LLC boosted 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 buying an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Electronic Arts by 3.7% in 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 in the last quarter. Bank of Jackson Hole Trust increased its stake in Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Electronic Arts by 13.6% during the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after purchasing an additional 76 shares in the last quarter. Finally, STF Management LP boosted 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 valued at $630,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total value of $240,960.00. Following the transaction, the executive vice president directly owned 24,880 shares in the company, valued at approximately $4,995,904. This represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the sale, the chief financial officer owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,200 shares of company stock valued at $6,123,572. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of several research reports. Wedbush reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Electronic Arts in a report on Monday, September 29th. Cowen cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Wall Street Zen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Hsbc Global Res cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Bank of America raised their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $181.64.

Electronic Arts Stock Performance

NASDAQ:EA opened at $201.81 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $50.33 billion, a P/E ratio of 59.01, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The firm has a 50-day moving average price of $193.59 and a two-hundred day moving average price of $169.82. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75.

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

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.