Aurora Investment Counsel Sells 3,649 Shares of Electronic Arts Inc. (NASDAQ:EA)

Aurora Investment Counsel lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 41.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,087 shares of the game software company's stock after selling 3,649 shares during the quarter. Aurora Investment Counsel's holdings in Electronic Arts were worth $735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC bought a new position in Electronic Arts in the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter valued at about $28,000. LGT Financial Advisors LLC bought a new position in Electronic Arts in the 4th quarter valued at about $33,000. Millstone Evans Group LLC bought a new position in Electronic Arts in the 4th quarter valued at about $37,000. Finally, Wayfinding Financial LLC bought a new position in Electronic Arts in the 1st quarter valued at about $39,000. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total value of $398,750.00. Following the completion of the transaction, the insider directly owned 60,592 shares of the company's stock, valued at $9,664,424. This trade represents a 3.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 6,563 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $151.18, for a total transaction of $992,194.34. Following the completion of the transaction, the chief executive officer directly owned 70,059 shares of the company's stock, valued at approximately $10,591,519.62. The trade was a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,729 shares of company stock valued at $4,788,684 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Shares of EA stock traded up $0.48 during trading hours on Thursday, hitting $149.83. 1,828,403 shares of the company were exchanged, compared to its average volume of 2,813,279. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The stock has a market capitalization of $37.65 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.03 and a beta of 0.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $150.66 and a 200 day simple moving average of $142.58.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts's dividend payout ratio is 17.92%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a "neutral" rating and issued a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Roth Capital upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and increased their price objective for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. Oppenheimer increased their price objective on shares of Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Moffett Nathanson reiterated a "neutral" rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $162.71.

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.