First Horizon Advisors Inc. Sells 1,465 Shares of Electronic Arts Inc. (NASDAQ:EA)

First Horizon Advisors Inc. reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 88,307 shares of the game software company’s stock after selling 1,465 shares during the quarter. First Horizon Advisors Inc.’s holdings in Electronic Arts were worth $12,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its position in Electronic Arts by 23.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock worth $2,753,000 after buying an additional 4,411 shares during the last quarter. Value Partners Investments Inc. lifted its position in Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after buying an additional 107,709 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Electronic Arts by 14.7% during the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after purchasing an additional 1,469 shares during the last quarter. Morgan Stanley lifted its position in shares of Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Down 0.5 %

EA traded down $0.64 on Thursday, hitting $127.54. The company had a trading volume of 579,046 shares, compared to its average volume of 1,967,693. The stock has a fifty day moving average price of $132.55 and a 200-day moving average price of $134.48. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $34.10 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 1.70 and a beta of 0.78.

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

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Huber sold 11,872 shares of Electronic Arts stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total value of $1,684,636.80. Following the sale, the director now directly owns 79,381 shares of the company’s stock, valued at approximately $11,264,163.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,344 shares of company stock worth $4,729,531. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EA shares. Wedbush reiterated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Tuesday, April 23rd. Roth Mkm decreased their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday. Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, BMO Capital Markets began coverage on Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.72.

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.