NBW Capital LLC Has $4.44 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

NBW Capital LLC reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,486 shares of the game software company’s stock after selling 321 shares during the quarter. NBW Capital LLC’s holdings in Electronic Arts were worth $4,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bray Capital Advisors lifted its holdings in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after buying an additional 110 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in Electronic Arts during the 4th quarter worth $26,000. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after buying an additional 154,989 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Electronic Arts by 81.0% during the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after buying an additional 102 shares in the last quarter. Finally, Neo Ivy Capital Management lifted its holdings in Electronic Arts by 70.1% during the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock worth $31,000 after buying an additional 108 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Stifel Nicolaus upped their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. UBS Group dropped their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Finally, BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price for the company. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Trading Down 0.8 %

Shares of EA traded down $1.03 during trading hours on Thursday, reaching $125.28. The stock had a trading volume of 432,236 shares, compared to its average volume of 2,031,077. The firm has a 50-day moving average of $135.28 and a 200 day moving average of $134.31. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market cap of $33.49 billion, a P/E ratio of 31.83, a P/E/G ratio of 1.76 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.61%. Electronic Arts’s dividend payout ratio is 19.14%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares in the company, valued at approximately $3,941,904.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares in the company, valued at approximately $2,362,397.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock worth $5,143,560 in the last three months. Insiders own 0.20% of the company’s stock.

About Electronic Arts

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.