IMA Advisory Services Inc. Lowers Stock Holdings in Electronic Arts Inc. $EA

IMA Advisory Services Inc. reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 96.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 409 shares of the game software company’s stock after selling 11,178 shares during the quarter. IMA Advisory Services Inc.’s holdings in Electronic Arts were worth $82,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after buying an additional 294 shares during the period. Empowered Funds LLC lifted its holdings in shares of Electronic Arts by 167.0% during the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Electronic Arts by 7.8% in the second quarter. Concurrent Investment Advisors LLC now owns 2,455 shares of the game software company’s stock valued at $392,000 after purchasing an additional 178 shares during the period. Finally, CWM LLC grew its holdings in Electronic Arts by 37.0% in the second quarter. CWM LLC now owns 13,148 shares of the game software company’s stock valued at $2,100,000 after purchasing an additional 3,549 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.30, for a total transaction of $245,160.00. Following the sale, the insider owned 32,360 shares in the company, valued at $6,611,148. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the transaction, the chief executive officer directly owned 38,858 shares in the company, valued at approximately $7,937,135.08. The trade was a 11.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 123,769 shares of company stock valued at $24,943,734. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Up 0.1%

Shares of Electronic Arts stock opened at $200.62 on Friday. Electronic Arts Inc. has a twelve month low of $128.02 and a twelve month high of $204.88. The stock has a market cap of $50.21 billion, a price-to-earnings ratio of 75.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.74. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $203.46 and a 200 day moving average price of $192.30.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analyst Weigh In

EA has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Benchmark restated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Citigroup lowered their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Argus set a $210.00 price target on Electronic Arts in a research note on Thursday, October 30th. Finally, Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Four investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $186.95.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.