Mutual of America Capital Management LLC Has $4.18 Million Stock Holdings in Electronic Arts Inc. $EA

Mutual of America Capital Management LLC cut its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,166 shares of the game software company's stock after selling 1,409 shares during the quarter. Mutual of America Capital Management LLC's holdings in Electronic Arts were worth $4,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EA. Frazier Financial Advisors LLC increased its position in Electronic Arts by 328.9% in the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company's stock worth $31,000 after purchasing an additional 148 shares during the last quarter. Bank of Jackson Hole Trust increased its holdings in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. ORG Partners LLC grew its holdings in Electronic Arts by 47.6% during the second quarter. ORG Partners LLC now owns 251 shares of the game software company's stock valued at $40,000 after purchasing an additional 81 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Electronic Arts in the 1st quarter valued at $39,000. Finally, Costello Asset Management INC acquired a new stake in shares of Electronic Arts in the first quarter valued at about $40,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EA has been the topic of several research analyst reports. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective on the stock in a research note on Tuesday, August 5th. DZ Bank lowered shares of Electronic Arts from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Wedbush restated a "neutral" rating and issued a $200.00 price target on shares of Electronic Arts in a research report on Monday, September 29th. Finally, HSBC lowered Electronic Arts from a "buy" rating to a "hold" rating and set a $191.00 price objective on the stock. in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and a consensus target price of $179.38.

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. This represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the sale, the insider owned 33,531 shares in the company, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,900 shares of company stock worth $7,748,187 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Up 0.1%

Shares of NASDAQ EA opened at $200.75 on Thursday. The company's 50 day simple moving average is $182.29 and its 200 day simple moving average is $161.64. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75. The firm has a market capitalization of $50.23 billion, a P/E ratio of 50.31, a P/E/G ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio is 19.05%.

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.

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