Janney Montgomery Scott LLC Sells 536 Shares of Electronic Arts Inc. (NASDAQ:EA)

Janney Montgomery Scott LLC lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,499 shares of the game software company’s stock after selling 536 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Electronic Arts were worth $1,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. VELA Investment Management LLC bought a new stake in Electronic Arts in the third quarter valued at approximately $356,000. Shepherd Financial Partners LLC lifted its position in Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after purchasing an additional 88 shares during the last quarter. Stephens Inc. AR lifted its position in Electronic Arts by 69.7% in the third quarter. Stephens Inc. AR now owns 4,752 shares of the game software company’s stock valued at $682,000 after purchasing an additional 1,952 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Electronic Arts by 20.8% in the third quarter. Stephens Investment Management Group LLC now owns 533,377 shares of the game software company’s stock valued at $76,508,000 after purchasing an additional 91,672 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Electronic Arts during the third quarter valued at approximately $36,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EA shares. Benchmark restated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Argus upped their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. The Goldman Sachs Group upped their price target on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus upped their price target on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is owned by company insiders.

Electronic Arts Trading Down 0.1 %

Shares of NASDAQ:EA opened at $162.72 on Thursday. The company has a market cap of $42.68 billion, a P/E ratio of 41.83, a PEG ratio of 2.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $163.00. The stock’s fifty day moving average price is $146.46 and its 200-day moving average price is $142.05.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is 19.54%.

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.