Vest Financial LLC Sells 46,818 Shares of Electronic Arts Inc. $EA

Vest Financial LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 16.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,251 shares of the game software company’s stock after selling 46,818 shares during the quarter. Vest Financial LLC’s holdings in Electronic Arts were worth $46,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EA. Norden Group LLC bought a new stake in shares of Electronic Arts during the second quarter valued at about $214,000. Vanguard Personalized Indexing Management LLC grew its stake in Electronic Arts by 34.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after acquiring an additional 10,453 shares in the last quarter. Alta Advisers Ltd bought a new stake in Electronic Arts during the 2nd quarter worth approximately $205,000. NatWest Group plc bought a new stake in Electronic Arts during the 3rd quarter worth approximately $10,414,000. Finally, Foster Victor Wealth Advisors LLC lifted its stake in Electronic Arts by 4.6% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock worth $13,944,000 after purchasing an additional 3,999 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeff Huber sold 16,788 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $200.72, for a total transaction of $3,369,687.36. Following the completion of the sale, the director directly owned 1,980 shares in the company, valued at approximately $397,425.60. The trade was a 89.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $204.26, for a total value 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 123,769 shares of company stock valued at $24,943,734 over the last ninety days. 0.24% of the stock is owned by insiders.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $203.96 on Wednesday. The stock’s 50-day moving average is $203.37 and its 200 day moving average is $186.46. The stock has a market cap of $51.01 billion, a price-to-earnings ratio of 59.64, a P/E/G ratio of 2.41 and a beta of 0.73. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $204.88. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data 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). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.During the same quarter in the prior year, the firm posted $1.11 EPS. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were issued 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 of this dividend was Wednesday, December 3rd. Electronic Arts’s payout ratio is presently 22.22%.

Analysts Set New Price Targets

A number of research firms have recently commented on EA. Robert W. Baird restated a “neutral” rating and set a $210.00 price target (up from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. TD Cowen cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Baird R W lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Jefferies Financial Group cut shares of Electronic Arts from a “buy” rating to a “hold” rating and upped their price objective for the stock from $200.00 to $210.00 in a research report on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $182.17.

Electronic Arts Company 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.