Advisory Alpha LLC Reduces Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Advisory Alpha LLC trimmed its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 45.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,596 shares of the game software company's stock after selling 2,191 shares during the quarter. Advisory Alpha LLC's holdings in Electronic Arts were worth $375,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Putney Financial Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $26,000. Whipplewood Advisors LLC bought a new position in Electronic Arts during the fourth quarter worth about $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts in the fourth quarter valued at about $37,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Electronic Arts during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares in the company, valued at $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The sale 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 dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares in the company, valued at approximately $4,647,637.50. This trade represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,729 shares of company stock worth $4,107,664 over the last three months. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Up 0.2%

Shares of EA traded up $0.36 during trading hours on Tuesday, hitting $146.24. The stock had a trading volume of 2,863,815 shares, compared to its average volume of 2,742,719. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a market capitalization of $36.67 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The firm has a 50 day simple moving average of $145.67 and a 200-day simple moving average of $144.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Moffett Nathanson reaffirmed a "neutral" rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. DA Davidson initiated coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective on the stock. Oppenheimer boosted their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $161.88.

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.