Yousif Capital Management LLC Has $5.36 Million Stock Holdings in Electronic Arts Inc. $EA

Yousif Capital Management LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,580 shares of the game software company’s stock after selling 3,135 shares during the period. Yousif Capital Management LLC’s holdings in Electronic Arts were worth $5,361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its holdings in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares in the last quarter. MTM Investment Management LLC bought a new position in Electronic Arts during the second quarter worth about $30,000. Frazier Financial Advisors LLC increased its position in Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. NewSquare Capital LLC raised its stake in Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after buying an additional 79 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Electronic Arts in the second quarter valued at approximately $37,000. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. DZ Bank downgraded Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. Oppenheimer downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. HSBC cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective for the company. in a research report on Monday, September 29th. Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price objective for the company from $185.00 to $210.00 in a research report on Thursday, October 2nd. Finally, Citigroup raised their target price on shares of Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $181.21.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, Director Jeff Huber sold 79,381 shares of Electronic Arts stock in a transaction on Friday, November 21st. The shares were sold at an average price of $201.17, for a total value of $15,969,075.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total value of $302,475.00. Following the transaction, the chief financial officer owned 5,595 shares of the company’s stock, valued at approximately $1,128,231.75. The trade was a 21.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 136,169 shares of company stock worth $27,378,636. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Up 0.3%

EA stock opened at $204.94 on Thursday. The business’s 50-day moving average price is $201.94 and its 200-day moving average price is $179.45. The stock has a market cap of $51.26 billion, a P/E ratio of 59.92, a PEG ratio of 2.41 and a beta of 0.76. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $204.84. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. Electronic Arts’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. On average, equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 22.22%.

Electronic Arts 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.