Jacobs & Co. CA Cuts Position in Electronic Arts Inc. (NASDAQ:EA)

Jacobs & Co. CA cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,820 shares of the game software company’s stock after selling 85 shares during the quarter. Jacobs & Co. CA’s holdings in Electronic Arts were worth $7,226,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EA. Vanguard Group Inc. boosted its position in shares of Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares in the last quarter. Norges Bank acquired a new stake in Electronic Arts during the 4th quarter worth about $270,382,000. BlackRock Inc. lifted its position in Electronic Arts by 7.0% during the 2nd quarter. BlackRock Inc. now owns 25,779,074 shares of the game software company’s stock worth $3,343,546,000 after acquiring an additional 1,690,474 shares during the period. Morgan Stanley lifted its position in Electronic Arts by 62.1% during the 4th quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock worth $390,128,000 after acquiring an additional 1,223,195 shares during the period. Finally, Barclays PLC lifted its position in Electronic Arts by 265.0% during the 2nd quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock worth $196,727,000 after acquiring an additional 1,101,229 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $135.50, for a total transaction of $108,400.00. Following the sale, the insider now owns 29,483 shares of the company’s stock, valued at $3,994,946.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $130.66, for a total transaction of $326,650.00. Following the transaction, the chief executive officer now directly owns 25,930 shares in the company, valued at approximately $3,388,013.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $135.50, for a total transaction of $108,400.00. Following the transaction, the insider now owns 29,483 shares in the company, valued at $3,994,946.50. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,160,804 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $131.87 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $137.56 and its two-hundred day moving average price is $133.29. Electronic Arts Inc. has a 52-week low of $117.36 and a 52-week high of $144.53. The stock has a market capitalization of $35.26 billion, a P/E ratio of 33.22, a P/E/G ratio of 1.94 and a beta of 0.77.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share 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 the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $2.29 EPS. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s payout ratio is 19.14%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EA. 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 note on Thursday, January 18th. UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday. BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. Wolfe Research started coverage on Electronic Arts in a research report on Tuesday, December 12th. They issued a “peer perform” rating on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target 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.