Hennion & Walsh Asset Management Inc. Trims Position in Electronic Arts Inc. (NASDAQ:EA)

Hennion & Walsh Asset Management Inc. reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,477 shares of the game software company’s stock after selling 128 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Electronic Arts were worth $362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank lifted its holdings in Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after acquiring an additional 234,098 shares during the period. Dai ichi Life Insurance Company Ltd increased its holdings in shares of Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after purchasing an additional 11,058 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Electronic Arts by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock valued at $12,078,000 after purchasing an additional 4,702 shares during the period. Greenwood Capital Associates LLC purchased a new stake in Electronic Arts during the third quarter worth $5,597,000. Finally, Chesapeake Capital Corp IL acquired a new stake in Electronic Arts during the third quarter valued at $950,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $143.28 on Wednesday. The company has a market cap of $37.58 billion, a P/E ratio of 36.83, a P/E/G ratio of 1.86 and a beta of 0.80. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a 50-day moving average of $154.65 and a two-hundred day moving average of $149.25.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EA shares. Wedbush reiterated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Argus boosted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $164.68.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,500 shares of company stock worth $3,637,660. Company insiders own 0.22% of the company’s stock.

About Electronic Arts

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.