LFA Lugano Financial Advisors SA Increases Position in Electronic Arts Inc. (NASDAQ:EA)

LFA Lugano Financial Advisors SA raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 49.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,168 shares of the game software company’s stock after acquiring an additional 388 shares during the quarter. LFA Lugano Financial Advisors SA’s holdings in Electronic Arts were worth $171,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its position in 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 last quarter. Claro Advisors LLC lifted its position in Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after acquiring an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after acquiring an additional 76 shares during the last quarter. Parkside Financial Bank & Trust lifted 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 buying an additional 81 shares during the period. Finally, Ballentine Partners LLC increased its holdings in Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Electronic Arts Stock Down 1.3 %

Shares of Electronic Arts stock opened at $136.12 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a fifty day moving average of $133.17 and a two-hundred day moving average of $145.03. The company has a market cap of $35.48 billion, a P/E ratio of 34.64, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA) last released its quarterly 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 net margin of 14.28% and a return on equity of 17.80%. On average, analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Analyst Ratings Changes

Several brokerages have recently commented on EA. BMO Capital Markets decreased their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock 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 price objective on the stock in a research note on Friday, January 31st. DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective for the company. Robert W. Baird lowered their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Finally, Bank of America increased their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $154.78.

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.