Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 65.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,170 shares of the game software company's stock after selling 6,022 shares during the period. Avantax Advisory Services Inc.'s holdings in Electronic Arts were worth $458,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock valued at $500,000 after purchasing an additional 294 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Electronic Arts by 6.4% in the fourth quarter. Wedbush Securities Inc. now owns 1,503 shares of the game software company's stock valued at $220,000 after buying an additional 91 shares in the last quarter. FMR LLC raised its stake in shares of Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock worth $176,709,000 after buying an additional 835,985 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Electronic Arts by 1.0% in the 4th quarter. Cerity Partners LLC now owns 29,460 shares of the game software company's stock worth $4,283,000 after buying an additional 283 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Electronic Arts by 22.8% in the 4th quarter. Bank of Montreal Can now owns 382,383 shares of the game software company's stock valued at $55,943,000 after acquiring an additional 70,973 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 3.0%

NASDAQ EA traded up $4.89 on Friday, reaching $167.64. The company had a trading volume of 4,590,507 shares, compared to its average volume of 3,508,375. The firm has a market capitalization of $41.95 billion, a PE ratio of 42.02, a P/E/G ratio of 2.10 and a beta of 0.72. The firm has a 50-day moving average of $152.68 and a 200-day moving average of $143.79. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.95.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. Electronic Arts's payout ratio is currently 19.05%.

Analyst Ratings Changes

A number of brokerages have issued reports on EA. Arete Research set a $192.00 target price on shares of Electronic Arts in a research report on Tuesday. Benchmark upped their target price on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group increased their target price on Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. TD Cowen upped their price objective on Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen cut Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.35.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total transaction of $159,530.00. Following the completion of the transaction, the insider directly owned 37,131 shares in the company, valued at approximately $5,923,508.43. This represents a 2.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 6,563 shares of Electronic Arts stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total transaction of $992,194.34. Following the completion of the sale, the chief executive officer owned 70,059 shares of the company's stock, valued at approximately $10,591,519.62. This trade represents a 8.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,729 shares of company stock worth $4,677,124. 0.24% of the stock is owned by corporate insiders.

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.