Farmers & Merchants Investments Inc. Sells 186 Shares of Electronic Arts Inc. (NASDAQ:EA)

Farmers & Merchants Investments Inc. decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 707 shares of the game software company’s stock after selling 186 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Electronic Arts were worth $94,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. O Shaughnessy Asset Management LLC lifted its holdings in Electronic Arts by 31.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,563 shares of the game software company’s stock worth $911,000 after purchasing an additional 1,808 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Electronic Arts by 19.4% during the third quarter. Alps Advisors Inc. now owns 2,750 shares of the game software company’s stock worth $331,000 after buying an additional 446 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Electronic Arts by 105.4% in the third quarter. Adage Capital Partners GP L.L.C. now owns 225,066 shares of the game software company’s stock valued at $27,098,000 after acquiring an additional 115,500 shares in the last quarter. Evergreen Capital Management LLC increased its position in Electronic Arts by 0.8% during the third quarter. Evergreen Capital Management LLC now owns 23,012 shares of the game software company’s stock worth $2,771,000 after acquiring an additional 184 shares during the period. Finally, Lido Advisors LLC acquired a new stake in Electronic Arts in the 3rd quarter worth about $238,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EA. Stifel Nicolaus boosted their price target on Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Benchmark reaffirmed a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Oppenheimer reissued an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Friday, June 21st. Wedbush reissued an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, May 8th. Finally, Robert W. Baird lowered their target price on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.50.

Electronic Arts Stock Up 0.5 %

NASDAQ EA traded up $0.73 on Tuesday, reaching $138.05. The company had a trading volume of 329,175 shares, compared to its average volume of 2,113,478. The stock has a market capitalization of $36.68 billion, a P/E ratio of 29.34, a P/E/G ratio of 2.21 and a beta of 0.79. The company’s fifty day moving average is $132.91 and its 200 day moving average is $134.83. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Sell-side analysts anticipate that Electronic Arts Inc. will post 5.72 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s dividend payout ratio is presently 16.24%.

Insider Activity

In other news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares in the company, valued at approximately $2,362,397.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares in the company, valued at approximately $2,362,397.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the 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 of the company’s stock, valued at approximately $2,980,061.70. The disclosure for this sale can be found here. Insiders sold a total of 22,239 shares of company stock valued at $2,953,588 in the last ninety days. 0.22% of the stock is currently owned by insiders.

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.