Benchmark Investment Advisors LLC Sells 276 Shares of Electronic Arts Inc. (NASDAQ:EA)

Benchmark Investment Advisors LLC reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,588 shares of the game software company’s stock after selling 276 shares during the quarter. Benchmark Investment Advisors LLC’s holdings in Electronic Arts were worth $232,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EA. Geode Capital Management LLC grew its holdings in Electronic Arts by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock worth $978,650,000 after acquiring an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock worth $648,169,000 after purchasing an additional 270,991 shares during the last quarter. Amundi increased its holdings 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 period. Bank of New York Mellon Corp raised its position in Electronic Arts by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock valued at $261,772,000 after purchasing an additional 23,289 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

NASDAQ EA opened at $135.34 on Friday. The stock has a market capitalization of $35.27 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The business’s fifty day moving average price is $134.10 and its 200-day moving average price is $144.57.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,015,990 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of recent analyst reports. Bank of America upped their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. Finally, Oppenheimer reduced their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Electronic Arts has an average rating of “Hold” and an average price target of $155.30.

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.