Buckhead Capital Management LLC Trims Position in Electronic Arts Inc. (NASDAQ:EA)

Buckhead Capital Management LLC lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,145 shares of the game software company’s stock after selling 1,312 shares during the quarter. Electronic Arts comprises about 1.6% of Buckhead Capital Management LLC’s holdings, making the stock its 28th biggest holding. Buckhead Capital Management LLC’s holdings in Electronic Arts were worth $4,849,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Avestar Capital LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at approximately $230,000. Portfolio Design Labs LLC increased its stake in Electronic Arts by 18.8% during the fourth quarter. Portfolio Design Labs LLC now owns 25,065 shares of the game software company’s stock worth $3,667,000 after acquiring an additional 3,968 shares during the last quarter. Sovran Advisors LLC purchased a new stake in Electronic Arts in the fourth quarter valued at $214,000. Arlington Partners LLC lifted its stake in shares of Electronic Arts by 1.0% in the 4th quarter. Arlington Partners LLC now owns 28,004 shares of the game software company’s stock valued at $4,097,000 after purchasing an additional 269 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Electronic Arts during the 4th quarter worth $83,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the transaction, the insider now directly owns 47,514 shares of the company’s stock, valued at $6,216,256.62. This represents a 5.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,500 shares of company stock worth $3,644,635 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America boosted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Roth Mkm dropped their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Oppenheimer cut their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $155.24.

Electronic Arts Price Performance

Electronic Arts stock opened at $129.82 on Friday. The firm has a fifty day moving average of $141.18 and a 200-day moving average of $147.02. The firm has a market capitalization of $33.83 billion, a P/E ratio of 33.03, a PEG ratio of 2.74 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, analysts predict that Electronic Arts Inc. will post 4.99 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

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.