Electronic Arts Inc. (NASDAQ:EA) Stock Position Lowered by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,728 shares of the game software company’s stock after selling 702 shares during the period. Park Avenue Securities LLC’s holdings in Electronic Arts were worth $2,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in shares of Electronic Arts by 81.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 156,907 shares of the game software company’s stock worth $22,955,000 after buying an additional 70,539 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after buying an additional 83 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Electronic Arts in the 4th quarter worth $1,902,000. Rosenberg Matthew Hamilton grew its holdings in shares of Electronic Arts by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,040 shares of the game software company’s stock worth $152,000 after acquiring an additional 241 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its holdings in shares of Electronic Arts by 5.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,205 shares of the game software company’s stock worth $323,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock worth $3,637,660 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $142.00 on Friday. The business’s 50-day moving average price is $155.38 and its two-hundred day moving average price is $149.12. 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 one year low of $124.92 and a one year high of $168.50. The company has a market capitalization of $37.24 billion, a P/E ratio of 36.50, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EA. UBS Group lifted their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Argus lifted their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Robert W. Baird lifted their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Wedbush restated an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

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.