Mayar Capital Ltd. Sells 68,478 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mayar Capital Ltd. decreased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 84.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,152 shares of the game software company’s stock after selling 68,478 shares during the quarter. Electronic Arts comprises about 2.3% of Mayar Capital Ltd.’s investment portfolio, making the stock its 11th biggest holding. Mayar Capital Ltd.’s holdings in Electronic Arts were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Amundi boosted its stake in Electronic Arts by 4.3% during the 4th quarter. Amundi now owns 2,990,729 shares of the game software company’s stock valued at $431,315,000 after purchasing an additional 122,494 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Electronic Arts by 23.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 775,085 shares of the game software company’s stock valued at $121,164,000 after buying an additional 146,707 shares during the last quarter. Machina Capital S.A.S. boosted its position in shares of Electronic Arts by 109.0% during the fourth quarter. Machina Capital S.A.S. now owns 5,876 shares of the game software company’s stock valued at $860,000 after buying an additional 3,064 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Electronic Arts in the 4th quarter worth about $1,275,000. Finally, West Family Investments Inc. lifted its stake in Electronic Arts by 13.9% during the 4th quarter. West Family Investments Inc. now owns 3,002 shares of the game software company’s stock valued at $439,000 after acquiring an additional 367 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

EA opened at $140.04 on Friday. The business has a fifty day moving average of $133.66 and a 200 day moving average of $145.24. The stock has a market cap of $36.50 billion, a P/E ratio of 35.63, a PEG ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 1.38, 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 posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company 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 is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the 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 sale, the insider now directly owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the sale, the chief executive officer now owns 47,615 shares in the company, valued at $7,047,020. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

EA has been the subject of a number of research reports. Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. DA Davidson assumed coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective on the stock. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Stifel Nicolaus dropped their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research 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 company. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average price target of $154.78.

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.