Fiduciary Group LLC Sells 19,351 Shares of Electronic Arts Inc. (NASDAQ:EA)

Fiduciary Group LLC lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 29.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,045 shares of the game software company’s stock after selling 19,351 shares during the quarter. Fiduciary Group LLC’s holdings in Electronic Arts were worth $6,299,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EA. Bray Capital Advisors raised its position in shares of Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after purchasing an additional 110 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $30,000. Venturi Wealth Management LLC lifted its stake in shares of Electronic Arts by 81.0% during the fourth 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 during the period. CVA Family Office LLC purchased a new stake in shares of Electronic Arts during the fourth quarter valued at $38,000. Finally, MCF Advisors LLC increased its position in shares of Electronic Arts by 36.9% in the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after acquiring an additional 96 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the transaction, the insider now owns 20,258 shares in the company, valued at approximately $2,901,755.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,114,335 in the last three months. 0.20% of the stock is owned by corporate insiders.

Electronic Arts Trading Up 0.5 %

Shares of NASDAQ EA traded up $0.59 during midday trading on Friday, reaching $127.90. 1,220,603 shares of the stock were exchanged, compared to its average volume of 1,679,358. The stock has a market capitalization of $34.19 billion, a P/E ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company has a 50 day simple moving average of $133.38 and a 200 day simple moving average of $134.58. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (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 period in the previous year, the business posted $2.29 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EA. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research note on Tuesday, April 23rd. Wedbush reaffirmed an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Finally, Stifel Nicolaus lifted their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.00.

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.