Modera Wealth Management LLC Decreases Holdings in Electronic Arts Inc. $EA

Modera Wealth Management LLC lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 88.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,125 shares of the game software company’s stock after selling 105,380 shares during the quarter. Modera Wealth Management LLC’s holdings in Electronic Arts were worth $2,682,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Electronic Arts by 2.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after purchasing an additional 50 shares during the period. Ballentine Partners LLC increased its stake in Electronic Arts by 1.2% in the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares during the period. Physician Wealth Advisors Inc. increased its stake in Electronic Arts by 5.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after purchasing an additional 59 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after buying an additional 67 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in shares of Electronic Arts by 20.5% during the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA opened at $203.99 on Thursday. The business’s 50-day moving average is $201.22 and its two-hundred day moving average is $201.06. Electronic Arts Inc. has a 1 year low of $131.81 and a 1 year high of $204.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $51.05 billion, a PE ratio of 76.69, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s payout ratio is 28.57%.

Analysts Set New Price Targets

Several equities analysts have recently commented on EA shares. Citigroup cut their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $188.30.

Insider Buying and Selling

In other Electronic Arts news, 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 value of $299,850.00. Following the completion of the sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.69, for a total value of $239,628.00. Following the completion of the sale, the insider directly owned 29,960 shares of the company’s stock, valued at approximately $5,982,712.40. This represents a 3.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,600 shares of company stock worth $5,553,319 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

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.