Modera Wealth Management LLC Has $2.68 Million Stock Holdings in Electronic Arts Inc. $EA

Key Points

• Modera Wealth Management cut its EA stake by 88.9% in Q4, selling 105,380 shares and retaining 13,125 shares worth $2.682 million.
• Company insiders sold 27,600 shares valued at $5.55 million over the last quarter (including sales by Laura Miele and CFO Stuart Canfield), leaving insiders with just 0.24% ownership.
• Institutional investors own 90.23% of EA with large recent moves (e.g., Pentwater’s new ~$968M position), and analysts have a consensus "Hold" rating with a $188.30 price target while the stock trades near its 52-week high (~$204).

Modera Wealth Management LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 88.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,125 shares of the game software company's stock after selling 105,380 shares during the period. Modera Wealth Management LLC's holdings in Electronic Arts were worth $2,682,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EA. Pentwater Capital Management LP acquired a new position in Electronic Arts during the third quarter worth $968,160,000. Ameriprise Financial Inc. raised its holdings in Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company's stock worth $673,393,000 after buying an additional 1,300,336 shares during the last quarter. State Street Corp raised its holdings in Electronic Arts by 5.8% during the second quarter. State Street Corp now owns 17,072,959 shares of the game software company's stock worth $2,726,552,000 after buying an additional 932,024 shares during the last quarter. Man Group plc raised its holdings in Electronic Arts by 165.5% during the second quarter. Man Group plc now owns 1,279,249 shares of the game software company's stock worth $204,296,000 after buying an additional 797,461 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in Electronic Arts during the third quarter worth $156,760,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the sale, the insider owned 45,843 shares in the company, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer owned 5,897 shares of the company's stock, valued at $1,178,810.30. This trade represents a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 27,600 shares of company stock valued at $5,553,319. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Trading Up 0.0%

Shares of EA stock opened at $203.99 on Thursday. Electronic Arts Inc. has a 52-week low of $131.81 and a 52-week high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50-day simple moving average of $201.22 and a two-hundred day simple moving average of $201.06. The company has a market capitalization of $51.05 billion, a price-to-earnings ratio of 76.69, a PEG ratio of 2.19 and a beta of 0.73.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts's dividend payout ratio is presently 28.57%.

Analyst Ratings Changes

Several research firms have weighed in on EA. UBS Group restated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup dropped their price target on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $188.30.

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.

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