Proficio Capital Partners LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Proficio Capital Partners LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 179,665 shares of the game software company's stock, valued at approximately $26,285,000. Proficio Capital Partners LLC owned about 0.07% of Electronic Arts as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EA. Swedbank AB lifted its holdings in shares of Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in Electronic Arts during the 4th quarter worth $217,000. Charles Schwab Investment Management Inc. increased its position in shares of Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock worth $213,089,000 after purchasing an additional 36,153 shares during the last quarter. Fisher Funds Management LTD bought a new stake in shares of Electronic Arts in the 4th quarter worth about $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Electronic Arts in the 4th quarter worth about $13,845,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the transaction, the chief financial officer now directly owns 9,516 shares in the company, valued at $1,238,126.76. This represents a 9.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,194,240 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

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Analyst Ratings Changes

EA has been the subject of several research reports. StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Moffett Nathanson raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Benchmark reduced their target price on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Ascendiant Capital Markets upped their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, Bank of America upped their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $154.78.

Electronic Arts Stock Down 0.7 %

Electronic Arts stock traded down $1.03 during trading hours on Tuesday, hitting $141.87. The company had a trading volume of 2,728,437 shares, compared to its average volume of 2,385,855. 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 firm has a market capitalization of $36.97 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm's fifty day moving average is $132.81 and its 200-day moving average is $144.80.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate 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, research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

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

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.