Fiduciary Group LLC Cuts Holdings in Electronic Arts Inc. (NASDAQ:EA)

Fiduciary Group LLC lessened its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 29.6% in the fourth 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 period. Fiduciary Group LLC's holdings in Electronic Arts were worth $6,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its stake in shares of Electronic Arts by 23.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company's stock valued at $2,753,000 after buying an additional 4,411 shares during the period. Value Partners Investments Inc. increased its stake in shares of Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company's stock valued at $53,761,000 after buying an additional 107,709 shares during the period. Metis Global Partners LLC increased its stake in shares of Electronic Arts by 14.7% in the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company's stock valued at $1,381,000 after buying an additional 1,469 shares during the period. Morgan Stanley increased its stake in shares of Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company's stock valued at $408,084,000 after buying an additional 389,063 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company's stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the sale, the chief executive officer now directly owns 23,430 shares of the company's stock, valued at $2,980,061.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the sale, the chief executive officer now directly owns 23,430 shares of the company's stock, valued at $2,980,061.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacob J. Schatz sold 1,000 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares of the company's stock, valued at $2,362,397.46. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock valued at $5,114,335 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

Shares of EA traded up $0.59 on Friday, reaching $127.90. 1,220,603 shares of the company's stock traded hands, compared to its average volume of 1,679,358. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market cap of $34.19 billion, a PE ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The stock's 50 day simple moving average is $133.38 and its two-hundred day simple moving average is $134.58. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 earnings per share. On average, analysts forecast that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EA shares. BMO Capital Markets started coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an "outperform" rating and a $160.00 price target for the company. Stifel Nicolaus upped their target price on Electronic Arts from $152.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 18th. UBS Group cut their target price on Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 27th. Wedbush restated an "outperform" rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Benchmark restated a "buy" rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of "Moderate Buy" and a consensus 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.