Stevens Capital Management LP Has $309,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Stevens Capital Management LP reduced its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 53.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,114 shares of the game software company's stock after selling 2,449 shares during the period. Stevens Capital Management LP's holdings in Electronic Arts were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its holdings in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after acquiring an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Electronic Arts in the 4th quarter valued at about $32,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth approximately $37,000. SBI Securities Co. Ltd. purchased a new stake in Electronic Arts in the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC increased its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Oppenheimer dropped their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a report on Friday, January 31st. Benchmark raised their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Monday. BMO Capital Markets lowered their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Finally, BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective on the stock. in a research note on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $155.65.

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Electronic Arts Stock Performance

NASDAQ:EA traded up $0.01 during midday trading on Friday, reaching $145.31. The stock had a trading volume of 175,213 shares, compared to its average volume of 4,133,090. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year 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 stock has a market capitalization of $37.87 billion, a P/E ratio of 36.97, a PEG ratio of 3.58 and a beta of 0.78. The firm's fifty day simple moving average is $133.00 and its 200-day simple moving average is $144.62.

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 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, equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. This trade represents a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,000 shares of company stock valued at $3,018,560. Company 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.