Picton Mahoney Asset Management Takes $3.15 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Picton Mahoney Asset Management bought a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,050 shares of the game software company's stock, valued at approximately $3,152,000.

A number of other large investors have also modified their holdings of the stock. Bray Capital Advisors grew its position in shares of Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company's stock worth $26,000 after acquiring an additional 110 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company's stock worth $29,000 after acquiring an additional 154,989 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC grew its position in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company's stock worth $31,000 after acquiring an additional 102 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Buying and Selling

In related news, insider Jacob J. Schatz sold 1,000 shares of the business's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now owns 20,258 shares of the company's stock, valued at approximately $2,901,755.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the transaction, the insider now owns 27,883 shares of the company's stock, valued at approximately $3,877,967.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares of the company's stock, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,272 shares of company stock valued at $4,420,459. Insiders own 0.20% of the company's stock.

Electronic Arts Stock Down 3.8 %

Shares of EA traded down $5.00 during trading hours on Wednesday, hitting $125.24. 4,269,953 shares of the company were exchanged, compared to its average volume of 2,013,830. The company has a market cap of $33.48 billion, a PE ratio of 31.55, a PEG ratio of 1.73 and a beta of 0.78. The firm's 50 day moving average is $131.56 and its 200-day moving average is $134.52. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.61%. Electronic Arts's dividend payout ratio is presently 19.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Robert W. Baird reduced their price objective on Electronic Arts from $160.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday. Wedbush reiterated an "outperform" rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday. Oppenheimer reiterated an "outperform" rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Benchmark reiterated a "buy" rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, Stifel Nicolaus boosted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Electronic Arts has a consensus rating of "Moderate Buy" and an average price target of $146.94.

Electronic Arts Company 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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