Exos TFP Holdings LLC Sells 772 Shares of Electronic Arts Inc. (NASDAQ:EA)

Posted by Donald Scott on May 26th, 2023

Exos TFP Holdings LLC lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 30.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,729 shares of the game software company’s stock after selling 772 shares during the period. Exos TFP Holdings LLC’s holdings in Electronic Arts were worth $211,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Gateway Investment Advisers LLC raised its holdings in shares of Electronic Arts by 3.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,645 shares of the game software company’s stock worth $323,000 after buying an additional 81 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Electronic Arts by 2.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 3,820 shares of the game software company’s stock worth $442,000 after buying an additional 83 shares in the last quarter. Kentucky Retirement Systems raised its holdings in shares of Electronic Arts by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 20,767 shares of the game software company’s stock worth $2,537,000 after buying an additional 90 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in shares of Electronic Arts by 1.8% during the 4th quarter. Integrated Advisors Network LLC now owns 5,248 shares of the game software company’s stock worth $641,000 after buying an additional 91 shares in the last quarter. Finally, Moody National Bank Trust Division raised its holdings in shares of Electronic Arts by 1.3% during the 4th quarter. Moody National Bank Trust Division now owns 7,430 shares of the game software company’s stock worth $908,000 after buying an additional 92 shares in the last quarter. Institutional investors own 89.46% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $125.40 on Friday. Electronic Arts Inc. has a one year low of $108.53 and a one year high of $142.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.21 and a quick ratio of 1.23. The stock’s 50-day moving average is $124.12 and its 200 day moving average is $122.38. The firm has a market cap of $34.39 billion, a price-to-earnings ratio of 43.69, a PEG ratio of 5.55 and a beta of 0.87.

Electronic Arts (NASDAQ:EA – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The game software company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.35). Electronic Arts had a return on equity of 16.42% and a net margin of 10.80%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Electronic Arts Inc. will post 4.99 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, May 31st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, May 30th. Electronic Arts’s dividend payout ratio (DPR) is currently 26.48%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EA. Stifel Nicolaus boosted their price target on Electronic Arts from $141.00 to $144.00 in a report on Wednesday, May 10th. Wells Fargo & Company boosted their price target on Electronic Arts from $135.00 to $145.00 in a report on Wednesday, May 10th. Robert W. Baird boosted their price objective on Electronic Arts from $125.00 to $145.00 in a research report on Wednesday, May 10th. Roth Mkm boosted their price objective on Electronic Arts from $112.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, May 8th. Finally, Cowen reduced their price objective on Electronic Arts from $158.00 to $136.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 1st. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.88.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,899 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $125.61, for a total value of $364,143.39. Following the completion of the sale, the chief executive officer now directly owns 92,809 shares of the company’s stock, valued at $11,657,738.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Andrew Wilson sold 2,899 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $125.61, for a total value of $364,143.39. Following the completion of the sale, the chief executive officer now directly owns 92,809 shares of the company’s stock, valued at $11,657,738.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $120.14, for a total value of $96,112.00. Following the completion of the sale, the insider now directly owns 23,755 shares of the company’s stock, valued at $2,853,925.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,339 shares of company stock valued at $3,661,909. 0.37% of the stock is owned by company insiders.

About Electronic Arts

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Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.