Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Bailard Inc.

Bailard Inc. trimmed its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 28.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,705 shares of the game software company's stock after selling 2,225 shares during the period. Bailard Inc.'s holdings in Electronic Arts were worth $835,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the third quarter worth about $25,000. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $32,000. Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in shares of Electronic Arts by 1,458.3% in the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company's stock valued at $55,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Up 2.4 %

NASDAQ:EA traded up $3.25 during midday trading on Friday, reaching $140.04. The company had a trading volume of 3,356,599 shares, compared to its average volume of 4,394,662. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market capitalization of $36.50 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock's fifty day simple moving average is $133.83 and its 200-day simple moving average is $145.33.

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Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's dividend payout ratio is presently 19.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Roth Mkm cut their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target for the company. in a research note on Monday, January 27th. StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Bank of America increased their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird reduced their target price on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $154.78.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the completion of the sale, the chief financial officer now directly owns 8,750 shares of the company's stock, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the transaction, the executive vice president now directly owns 24,886 shares in the company, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,500 shares of company stock valued at $3,428,645. Corporate insiders own 0.22% of the company's stock.

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.