Mayar Capital Ltd. Has $1.78 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Mayar Capital Ltd. reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 84.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,152 shares of the game software company's stock after selling 68,478 shares during the period. Electronic Arts comprises approximately 2.3% of Mayar Capital Ltd.'s holdings, making the stock its 11th biggest position. Mayar Capital Ltd.'s holdings in Electronic Arts were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the third quarter valued at $25,000. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the 4th quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts in the 4th quarter worth about $41,000. Finally, Larson Financial Group LLC increased its stake 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 during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EA shares. Citigroup lowered their target price on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Ascendiant Capital Markets lifted their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Wedbush reiterated an "outperform" rating and issued a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Roth Mkm reduced 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. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $154.78.

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Electronic Arts Stock Up 0.3 %

EA traded up $0.39 on Monday, reaching $140.43. 5,437,684 shares of the company traded hands, compared to its average volume of 4,413,295. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $36.60 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 3.58 and a beta of 0.78. The stock's 50 day moving average price is $133.66 and its 200-day moving average price is $145.21.

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

Electronic Arts Dividend Announcement

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

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares of the company's stock, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the sale, the chief financial officer now owns 9,516 shares of the company's stock, valued at approximately $1,238,126.76. The trade was a 9.51 % 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 worth $3,428,645. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Company 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.