Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 63.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 565 shares of the game software company’s stock after selling 970 shares during the period. Advisors Asset Management Inc.’s holdings in Electronic Arts were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EA. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts during the third quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts in the 2nd quarter valued at about $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts during the 2nd quarter worth about $33,000. Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth about $36,000. Finally, Gradient Investments LLC grew its holdings in shares of Electronic Arts by 592.1% during the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Benchmark restated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Robert W. Baird raised their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Stock Performance

NASDAQ:EA opened at $163.67 on Friday. The firm’s fifty day simple moving average is $151.54 and its 200 day simple moving average is $145.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The firm has a market capitalization of $42.93 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 2.13 and a beta of 0.78.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. The trade was a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,000 shares of company stock worth $3,073,520. 0.22% of the stock is currently owned by corporate 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.