Cetera Investment Advisers Reduces Holdings in Electronic Arts Inc. (NASDAQ:EA)

Key Points

• Cetera Investment Advisers reduced its holdings in Electronic Arts by 20.8%, selling 3,569 shares, and now owns 13,549 shares valued at approximately $1.96 million.
• CEO Andrew Wilson sold 6,563 shares at an average price of $151.18, bringing his total holdings down by 8.57%.
• Analysts have varying targets for Electronic Arts stock, with average target prices ranging from $160.00 to $210.00, indicating a “Moderate Buy” consensus rating.

Cetera Investment Advisers trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,549 shares of the game software company's stock after selling 3,569 shares during the period. Cetera Investment Advisers' holdings in Electronic Arts were worth $1,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC increased 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 worth $500,000 after acquiring an additional 294 shares in the last quarter. Wedbush Securities Inc. increased its holdings in Electronic Arts by 6.4% in the 4th quarter. Wedbush Securities Inc. now owns 1,503 shares of the game software company's stock worth $220,000 after acquiring an additional 91 shares in the last quarter. FMR LLC increased its holdings in Electronic Arts by 224.8% in the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock worth $176,709,000 after acquiring an additional 835,985 shares in the last quarter. Cerity Partners LLC increased its holdings in Electronic Arts by 1.0% in the 4th quarter. Cerity Partners LLC now owns 29,460 shares of the game software company's stock worth $4,283,000 after acquiring an additional 283 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Electronic Arts in the 4th quarter worth $34,334,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total transaction of $159,530.00. Following the transaction, the insider directly owned 37,131 shares in the company, valued at approximately $5,923,508.43. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider owned 58,092 shares in the company, valued at approximately $9,032,725.08. This trade represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,729 shares of company stock valued at $4,677,124. 0.24% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

Shares of EA traded up $1.89 during mid-day trading on Tuesday, reaching $178.00. 2,896,948 shares of the company's stock were exchanged, compared to its average volume of 3,518,105. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $44.54 billion, a PE ratio of 44.61, a price-to-earnings-growth ratio of 2.16 and a beta of 0.72. The business's fifty day simple moving average is $153.77 and its 200-day simple moving average is $144.56. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $178.80.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 27th. 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 19.05%.

Analyst Ratings Changes

Several research analysts have weighed in on EA shares. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Wednesday, May 7th. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Hsbc Global Res raised shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Oppenheimer increased their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Argus set a $170.00 price target on shares of Electronic Arts in a research report on Friday, May 16th. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $167.12.

Electronic Arts Company Profile

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.