Mutual of America Capital Management LLC Sells 11,114 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mutual of America Capital Management LLC cut its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 28.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,575 shares of the game software company's stock after selling 11,114 shares during the quarter. Mutual of America Capital Management LLC's holdings in Electronic Arts were worth $3,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EA. Putney Financial Group LLC purchased a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts in the first quarter worth $28,000. LGT Financial Advisors LLC purchased a new stake in Electronic Arts in the fourth quarter worth $33,000. Millstone Evans Group LLC purchased a new stake in Electronic Arts in the fourth quarter worth $37,000. Finally, Wayfinding Financial LLC purchased a new stake in Electronic Arts in the first quarter worth $39,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EA. Oppenheimer raised their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and raised their price target for the stock from $175.00 to $185.00 in a report on Tuesday, June 24th. Robert W. Baird set a $168.00 price target on Electronic Arts in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Moffett Nathanson reaffirmed a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. Fourteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $162.71.

Electronic Arts Trading Up 0.2%

Shares of EA traded up $0.28 during trading hours on Friday, hitting $150.11. The company had a trading volume of 3,850,533 shares, compared to its average volume of 2,817,412. The firm has a market cap of $37.72 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.03 and a beta of 0.73. The stock's 50 day moving average price is $150.66 and its 200 day moving average price is $142.58. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the transaction, the executive vice president owned 17,533 shares in the company, valued at approximately $2,623,638.12. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 60,592 shares of the company's stock, valued at $9,664,424. The trade was a 3.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,729 shares of company stock worth $4,788,684 in the last ninety days. Corporate insiders own 0.24% 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.