Corient Private Wealth LLC Has $6.65 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Corient Private Wealth LLC cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,489 shares of the game software company's stock after selling 3,919 shares during the period. Corient Private Wealth LLC's holdings in Electronic Arts were worth $6,654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC boosted 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 worth $42,000 after buying an additional 70 shares during the period. Claro Advisors LLC lifted its position in shares of Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after purchasing an additional 75 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC boosted its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after purchasing an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Electronic Arts by 1.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock valued at $708,000 after purchasing an additional 83 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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Electronic Arts Trading Down 0.0 %

Shares of EA traded down $0.05 during midday trading on Tuesday, hitting $144.50. The stock had a trading volume of 2,381,968 shares, compared to its average volume of 2,409,465. The business has a 50-day simple moving average of $132.81 and a two-hundred day simple moving average of $144.61. The firm has a market cap of $37.66 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. Electronic Arts's dividend payout ratio is 19.34%.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares of the company's stock, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares of the company's stock, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,000 shares of company stock valued at $3,166,740. Insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

EA has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Roth Mkm cut their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. DA Davidson started coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target for the company. Benchmark upped their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a report on Monday. Finally, Oppenheimer dropped their target price on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of "Hold" and an average target price of $155.65.

Electronic Arts Profile

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.