Atria Wealth Solutions Inc. Sells 389 Shares of Electronic Arts Inc. (NASDAQ:EA)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,954 shares of the game software company’s stock after selling 389 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Electronic Arts were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EA. Venturi Wealth Management LLC raised its position in shares of Electronic Arts by 269.0% during the 4th quarter. Venturi Wealth Management LLC now owns 797 shares of the game software company’s stock valued at $117,000 after buying an additional 581 shares in the last quarter. CIBC Asset Management Inc increased its stake in Electronic Arts by 2.0% in the fourth quarter. CIBC Asset Management Inc now owns 81,616 shares of the game software company’s stock valued at $11,940,000 after acquiring an additional 1,612 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. raised its position in Electronic Arts by 43.2% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 31,463 shares of the game software company’s stock valued at $4,603,000 after purchasing an additional 9,488 shares in the last quarter. Montag A & Associates Inc. raised its position in Electronic Arts by 418,914.3% during the fourth quarter. Montag A & Associates Inc. now owns 29,331 shares of the game software company’s stock valued at $4,291,000 after purchasing an additional 29,324 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Electronic Arts by 10.0% during the fourth quarter. V Square Quantitative Management LLC now owns 10,432 shares of the game software company’s stock worth $1,526,000 after purchasing an additional 951 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EA shares. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. UBS Group boosted their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Bank of America increased their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, Argus raised their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus target price of $154.55.

Electronic Arts Trading Up 2.4 %

Shares of EA opened at $134.05 on Tuesday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $136.64 and its 200-day moving average price is $146.16. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.57%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the sale, the chief executive officer now owns 47,615 shares in the company, valued at $7,047,020. This represents a 9.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,500 shares of company stock valued at $3,593,095. 0.22% of the stock is currently owned by company insiders.

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.