Mount Yale Investment Advisors LLC Sells 750 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mount Yale Investment Advisors LLC lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 12.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,336 shares of the game software company’s stock after selling 750 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Electronic Arts were worth $743,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. raised its position in Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Cape Investment Advisory Inc. raised its holdings in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at $28,000. Finally, YHB Investment Advisors Inc. bought a new stake in Electronic Arts in the first quarter valued at $30,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA stock opened at $141.07 on Tuesday. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $153.51. The business’s fifty day moving average is $146.07 and its 200-day moving average is $137.77. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $37.49 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Equities research analysts forecast that Electronic Arts Inc. will post 5.89 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio is presently 16.24%.

Analyst Ratings Changes

EA has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Raymond James upped their price objective 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. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the completion of the transaction, the executive vice president now directly owns 26,360 shares in the company, valued at $3,863,848.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the sale, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,570 shares of company stock valued at $3,621,343. Company insiders own 0.22% of the company’s stock.

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.