Stevens Capital Management LP Trims Holdings in Electronic Arts Inc. (NASDAQ:EA)

Stevens Capital Management LP lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,239 shares of the game software company’s stock after selling 1,602 shares during the period. Stevens Capital Management LP’s holdings in Electronic Arts were worth $1,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. DNB Asset Management AS grew its stake in shares of Electronic Arts by 82.3% during the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after acquiring an additional 1,064,022 shares during the period. AustralianSuper Pty Ltd purchased a new stake in shares of Electronic Arts in the third quarter worth $75,124,000. Assenagon Asset Management S.A. grew its position in shares of Electronic Arts by 480.5% during the third quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock worth $60,113,000 after purchasing an additional 413,276 shares in the last quarter. Finally, Morgan Stanley raised 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 valued at $408,084,000 after buying an additional 389,063 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded up $0.59 during midday trading on Friday, hitting $127.90. The company’s stock had a trading volume of 1,220,563 shares, compared to its average volume of 1,997,235. 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 firm’s fifty day moving average price is $133.67 and its 200-day moving average price is $134.48. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The firm has a market cap of $34.19 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.78 and a beta of 0.76.

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

Analyst Upgrades and Downgrades

EA has been the subject of several analyst reports. BMO Capital Markets started coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Wedbush restated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Tuesday. UBS Group decreased their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Finally, Stifel Nicolaus raised their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.00.

Insider Buying and Selling at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the sale, the insider now owns 18,426 shares in the company, valued at $2,362,397.46. The disclosure for this sale can be found here. Insiders have sold 34,644 shares of company stock worth $4,796,360 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

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.