Cresset Asset Management LLC Has $1.79 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Cresset Asset Management LLC lessened its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,239 shares of the game software company's stock after selling 9,250 shares during the period. Cresset Asset Management LLC's holdings in Electronic Arts were worth $1,791,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its holdings in shares of Electronic Arts by 42.4% in the 4th quarter. Captrust Financial Advisors now owns 13,105 shares of the game software company's stock valued at $1,917,000 after acquiring an additional 3,902 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Electronic Arts during the fourth quarter valued at about $303,000. Castlekeep Investment Advisors LLC purchased a new position in Electronic Arts in the fourth quarter worth approximately $2,354,000. Baird Financial Group Inc. lifted its stake in Electronic Arts by 26.4% in the fourth quarter. Baird Financial Group Inc. now owns 158,753 shares of the game software company's stock worth $23,226,000 after acquiring an additional 33,146 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Electronic Arts in the 4th quarter valued at $3,658,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

EA has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. BNP Paribas downgraded shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target for the company. in a report on Monday, January 27th. Moffett Nathanson reiterated a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, May 7th. Wedbush increased their price objective on Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Roth Mkm dropped their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus target price of $161.83.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. The trade was a 13.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now directly owns 26,216 shares of the company's stock, valued at approximately $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,118,120 over the last three months. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Stock Down 1.2%

EA stock traded down $1.83 during trading on Wednesday, reaching $147.23. The stock had a trading volume of 2,759,360 shares, compared to its average volume of 2,715,064. The company has a market capitalization of $38.37 billion, a P/E ratio of 37.46, a PEG ratio of 3.58 and a beta of 0.74. The firm has a fifty day moving average price of $143.91 and a 200 day moving average price of $144.95. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts's payout ratio is currently 17.92%.

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.