Prudent Man Advisors LLC Lowers Holdings in Electronic Arts Inc. $EA

Prudent Man Advisors LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 63.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,738 shares of the game software company’s stock after selling 4,677 shares during the period. Prudent Man Advisors LLC’s holdings in Electronic Arts were worth $559,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Electronic Arts by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after purchasing an additional 485,030 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Electronic Arts by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after purchasing an additional 143,195 shares during the period. Pentwater Capital Management LP purchased a new stake in shares of Electronic Arts in the third quarter valued at approximately $968,160,000. Ameriprise Financial Inc. boosted its holdings in shares of Electronic Arts by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock valued at $926,194,000 after purchasing an additional 374,840 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Electronic Arts by 4.9% in the third quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after purchasing an additional 202,657 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Citigroup boosted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $203.00 on Monday. The company has a market capitalization of $50.90 billion, a price-to-earnings ratio of 58.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.65. Electronic Arts Inc. has a 52 week low of $145.54 and a 52 week high of $204.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $202.21 and a 200 day moving average of $202.30.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is 21.78%.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the transaction, the executive vice president directly owned 42,287 shares of the company’s stock, valued at approximately $8,507,721.53. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Wilson sold 5,066 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the transaction, the chief executive officer directly owned 85,974 shares in the company, valued at approximately $17,337,516.84. The trade was a 5.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 39,906 shares of company stock worth $8,032,336. 0.24% of the stock is currently owned by corporate insiders.

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.