Harel Insurance Investments & Financial Services Ltd. sells 629 shares of Electronic Arts Inc. (NASDAQ:EA)


Harel Insurance Investments & Financial Services Ltd. reduced its stake in shares of Electronic Arts Inc. (NASDAQ: EA – Get Rating) by 68.2% during the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The fund held 293 shares of the games software company after selling 629 shares during the quarter. The holdings of Harel Insurance Investments & Financial Services Ltd. in Electronic Arts were worth $37,000 at the end of the last quarter.

A number of other institutional investors and hedge funds have also recently changed their stock holdings. GYL Financial Synergies LLC increased its stake in Electronic Arts shares by 2.0% during the fourth quarter. GYL Financial Synergies LLC now owns 3,900 shares of the gaming software company valued at $514,000 after buying 77 additional shares in the last quarter. Rockland Trust Co. increased its stake in Electronic Arts shares by 3.5% in the fourth quarter. Rockland Trust Co. now owns 2,342 shares of the gaming software company worth $309,000 after buying 79 more shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in shares of Electronic Arts by 2.1% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,096 shares of the games software company worth $540,000 after buying 85 more shares in the last quarter. Family Legacy Inc. increased its stake in Electronic Arts shares by 2.8% in the first quarter. Family Legacy Inc. now owns 3,171 shares of the games software company worth $401,000 after buying 85 more shares in the last quarter. Finally, Conning Inc. increased its stake in Electronic Arts shares by 1.8% in the fourth quarter. Conning Inc. now owns 5,148 shares of the games software company worth $679,000 after buying 89 more shares in the last quarter. 89.28% of the shares are held by institutional investors.

Electronic Arts Awards Performance

NASDAQ EA shares opened at $129.92 on Tuesday. Electronic Arts Inc. has a 12-month low of $109.24 and a 12-month high of $147.76. The company has a market capitalization of $36.33 billion, a P/E ratio of 47.07, a PEG ratio of 2.12 and a beta of 0.84. The company has a 50-day moving average of $130.02 and a 200-day moving average of $128.24. The company has a quick ratio of 1.18, a current ratio of 1.18 and a leverage ratio of 0.25.

Electronic Arts (NASDAQ:EA – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The gaming software company reported earnings per share of $0.82 for the quarter, missing analyst consensus estimates of $1.04 per ($0.22). Electronic Arts achieved a return on equity of 18.99% and a net margin of 11.29%. The company posted revenue of $1.75 billion in the quarter, versus $1.77 billion expected by analysts. In the same quarter of the previous year, the company made earnings per share of $0.72. Electronic Arts revenue increased 17.5% year over year. As a group, research analysts expect Electronic Arts Inc. to post EPS of 5.5 for the current fiscal year.

Electronic Arts increases its dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22. Investors of record on Wednesday, June 8 received a dividend of $0.19. This is a positive change from Electronic Arts’ previous quarterly dividend of $0.17. This represents a dividend of $0.76 on an annualized basis and a yield of 0.58%. The ex-dividend date was Tuesday, June 7. Electronic Arts’ payout ratio is currently 27.54%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 10,000 shares of the company in a trade on Friday, April 29. The shares were sold at an average price of $122.62, for a total transaction of $1,226,200.00. Following the completion of the sale, the CEO now directly owns 72,630 shares of the company, valued at approximately $8,905,890.60. The sale was disclosed in a document filed with the SEC, which is available via this link. Separately, insider Vijayanthimala Singh sold 800 shares in a trade dated Monday, May 2. The shares were sold at an average price of $118.75, for a total value of $95,000.00. Following the sale, the insider now directly owns 19,517 shares of the company, valued at approximately $2,317,643.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, CEO Andrew Wilson sold 10,000 shares in a trade dated Friday, April 29. The stock was sold at an average price of $122.62, for a total transaction of $1,226,200.00. Following the completion of the sale, the CEO now directly owns 72,630 shares of the company, valued at $8,905,890.60. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 59,295 shares of the company worth $7,610,472. Insiders own 0.37% of the shares of the company.

Changes to analyst ratings

Several analysts have recently released reports on EA shares. Wells Fargo & Company reduced its target price on Electronic Arts from $155.00 to $145.00 in a Wednesday, May 11 research note. Raymond James reduced his target price on Electronic Arts from $158.00 to $150.00 in a Wednesday, May 11 research note. Cowen reduced his target price on Electronic Arts from $180.00 to $158.00 in a Wednesday, May 11 research note. Cowen reduced his price target on Electronic Arts from $180.00 to $158.00 in a Wednesday, May 11 research report. Finally, Wedbush reduced its price target on Electronic Arts from $180.00 to $164.00 in a Wednesday, May 11 research report. Five investment analysts gave the stock a hold rating and fourteen gave the stock a buy rating. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Electronic Arts Profile

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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 in various genres, such as sports, racing, first-person shooter, action, role-playing and simulation, mainly under Battlefield, The Sims, Apex Legends, Need for Speed ​​and other licensed games. , including FIFA, Madden NFL, UFC and Star Wars brands.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)



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