Yousif Capital Management LLC Sells 8,735 Shares of Electronic Arts Inc. (NASDAQ:EA)

Yousif Capital Management LLC reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 20.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,301 shares of the game software company’s stock after selling 8,735 shares during the quarter. Yousif Capital Management LLC’s holdings in Electronic Arts were worth $4,556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bray Capital Advisors raised its holdings in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after acquiring an additional 110 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after buying an additional 102 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Electronic Arts in the fourth quarter valued at $38,000. Finally, MCF Advisors LLC increased its holdings in Electronic Arts by 36.9% during the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after buying an additional 96 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on EA shares. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday. Stifel Nicolaus lifted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. UBS Group dropped their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. BMO Capital Markets started coverage on Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price for the company. Finally, Benchmark restated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $127.19, for a total transaction of $317,975.00. Following the completion of the sale, the chief executive officer now owns 23,430 shares of the company’s stock, valued at approximately $2,980,061.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the transaction, the chief executive officer now owns 23,430 shares in the company, valued at approximately $2,980,061.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,114,335 over the last quarter. 0.20% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $127.90 on Friday. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The company’s 50 day moving average price is $133.38 and its two-hundred day moving average price is $134.50. The firm has a market cap of $34.19 billion, a PE ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. Equities research analysts predict that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

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.