Private Advisor Group LLC Sells 618 Shares of Electronic Arts Inc. (NASDAQ:EA)

Private Advisor Group LLC cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,908 shares of the game software company’s stock after selling 618 shares during the quarter. Private Advisor Group LLC’s holdings in Electronic Arts were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. GAM Holding AG lifted its position in Electronic Arts by 14.2% during the third quarter. GAM Holding AG now owns 72,657 shares of the game software company’s stock valued at $10,422,000 after purchasing an additional 9,035 shares during the last quarter. RBA Wealth Management LLC raised its stake in shares of Electronic Arts by 1.5% during the third quarter. RBA Wealth Management LLC now owns 26,791 shares of the game software company’s stock worth $3,843,000 after acquiring an additional 408 shares in the last quarter. Signaturefd LLC raised its stake in shares of Electronic Arts by 5.8% during the third quarter. Signaturefd LLC now owns 4,371 shares of the game software company’s stock worth $627,000 after acquiring an additional 238 shares in the last quarter. Arlington Partners LLC raised its stake in shares of Electronic Arts by 11.9% during the third quarter. Arlington Partners LLC now owns 27,735 shares of the game software company’s stock worth $3,978,000 after acquiring an additional 2,948 shares in the last quarter. Finally, Compass Ion Advisors LLC purchased a new position in shares of Electronic Arts during the third quarter worth approximately $210,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Up 1.7 %

Shares of Electronic Arts stock opened at $155.50 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $145.05 and its two-hundred day simple moving average is $140.58. The company has a market cap of $41.08 billion, a P/E ratio of 39.97, a PEG ratio of 1.95 and a beta of 0.78. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $155.55.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Analyst Upgrades and Downgrades

Several research firms have commented on EA. Raymond James lifted their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Bank of America lifted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus price target of $164.39.

Insider Activity

In other news, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the sale, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,120,638.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,260 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the transaction, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,120,638.61. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,644 shares of company stock worth $3,491,207. Corporate insiders own 0.22% of the company’s stock.

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.