Tidal Investments LLC lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,702 shares of the game software company's stock after selling 2,928 shares during the quarter. Tidal Investments LLC's holdings in Electronic Arts were worth $6,247,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the 4th quarter worth $32,000. LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts in the 4th quarter worth $33,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts in the 4th quarter worth $37,000. SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts in the 4th quarter worth $41,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Electronic Arts in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 90.23% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Benchmark upped their target price on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Roth Mkm lowered their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Moffett Nathanson reiterated a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, May 7th. Ascendiant Capital Markets upped their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus target price of $161.29.
Get Our Latest Stock Analysis on Electronic Arts
Insider Activity
In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. This represents a 11.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now directly owns 40,189 shares in the company, valued at approximately $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,500 shares of company stock valued at $3,342,580. Company insiders own 0.22% of the company's stock.
Electronic Arts Trading Down 0.7%
Shares of NASDAQ:EA opened at $150.48 on Tuesday. The business's 50-day moving average is $144.79 and its 200 day moving average is $144.97. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm has a market capitalization of $37.74 billion, a P/E ratio of 38.29, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.
Electronic Arts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio is presently 17.92%.
About Electronic Arts
(
Free Report)
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.
Further Reading
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