Electronic Arts Inc. $EA Shares Sold by Nicola Wealth Management LTD.

Key Points

• Nicola Wealth Management LTD. reduced its stake in Electronic Arts Inc. by 7.1% during the first quarter, selling 10,500 shares and currently holding 136,900 shares.
• Electronic Arts has announced a quarterly dividend of $0.19 per share, payable to shareholders on September 17th, with an annual yield of 0.4%.
• Recent analyst ratings for Electronic Arts reflect a positive outlook, with a consensus price target of $167.12 and ratings ranging from "Strong Buy" to "Hold".

Nicola Wealth Management LTD. lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,900 shares of the game software company's stock after selling 10,500 shares during the quarter. Electronic Arts comprises 1.9% of Nicola Wealth Management LTD.'s investment portfolio, making the stock its 16th biggest holding. Nicola Wealth Management LTD. owned about 0.05% of Electronic Arts worth $19,785,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its stake in Electronic Arts by 15.0% during the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after buying an additional 73 shares during the last quarter. Bank of Jackson Hole Trust grew its stake in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of Electronic Arts by 34.2% in the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock valued at $43,000 after purchasing an additional 76 shares during the last quarter. Clarius Group LLC grew its stake in shares of Electronic Arts by 3.6% in the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after purchasing an additional 77 shares during the last quarter. Finally, Conning Inc. grew its stake in shares of Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company's stock valued at $253,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $174.65, for a total transaction of $209,580.00. Following the completion of the sale, the executive vice president owned 27,248 shares of the company's stock, valued at approximately $4,758,863.20. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $172.26, for a total value of $206,712.00. Following the sale, the insider directly owned 35,931 shares of the company's stock, valued at approximately $6,189,474.06. This trade represents a 3.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,900 shares of company stock valued at $4,778,597. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Trading Up 1.5%

Shares of NASDAQ:EA traded up $2.49 during midday trading on Friday, reaching $172.38. The company's stock had a trading volume of 1,996,227 shares, compared to its average volume of 2,236,344. The firm has a market cap of $43.13 billion, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of 2.22 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90. The business has a 50 day moving average price of $162.98 and a 200 day moving average price of $151.97.

Electronic Arts Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America lifted their target price on Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Citigroup reiterated a "neutral" rating and issued a $153.00 target price (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. DA Davidson lifted their target price on Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Roth Capital upgraded Electronic Arts from a "neutral" rating to a "buy" rating and lifted their target price for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. Finally, Wedbush reissued an "outperform" rating and issued a $210.00 price target on shares of Electronic Arts in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.12.

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.