Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Addison Capital Co

Addison Capital Co cut its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 75.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,255 shares of the game software company's stock after selling 6,800 shares during the period. Addison Capital Co's holdings in Electronic Arts were worth $309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Electronic Arts by 4.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,988 shares of the game software company's stock worth $3,370,000 after buying an additional 1,255 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in Electronic Arts in the 3rd quarter worth approximately $512,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Electronic Arts by 5.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,152 shares of the game software company's stock valued at $380,000 after purchasing an additional 156 shares during the period. China Universal Asset Management Co. Ltd. grew its position in shares of Electronic Arts by 227.6% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,009 shares of the game software company's stock valued at $121,000 after purchasing an additional 701 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Electronic Arts by 2.4% in the third quarter. Fifth Third Bancorp now owns 65,218 shares of the game software company's stock worth $7,852,000 after purchasing an additional 1,518 shares during the period. 90.23% of the stock is owned by institutional investors.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the sale, the executive vice president now directly owns 17,426 shares of the company's stock, valued at approximately $2,215,715.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Jacob J. Schatz sold 1,000 shares of the business's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total transaction of $127,150.00. Following the sale, the executive vice president now owns 17,426 shares in the company, valued at approximately $2,215,715.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $140.26, for a total transaction of $210,390.00. Following the completion of the transaction, the chief financial officer now owns 4,894 shares of the company's stock, valued at $686,432.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,272 shares of company stock valued at $4,404,369. Company insiders own 0.20% of the company's stock.

Electronic Arts Trading Down 1.1 %

Shares of EA traded down $1.41 during mid-day trading on Friday, hitting $127.75. 3,205,616 shares of the company's stock traded hands, compared to its average volume of 2,048,468. The business's 50-day moving average price is $129.88 and its 200-day moving average price is $134.52. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The firm has a market capitalization of $34.15 billion, a P/E ratio of 27.30, a PEG ratio of 2.03 and a beta of 0.78. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts's dividend payout ratio (DPR) is presently 16.24%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Roth Mkm reduced their target price on Electronic Arts from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. BMO Capital Markets decreased their price objective on shares of Electronic Arts from $160.00 to $154.00 and set an "outperform" rating on the stock in a research report on Thursday, May 9th. Robert W. Baird dropped their target price on shares of Electronic Arts from $160.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, May 8th. Stifel Nicolaus increased their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. Finally, Benchmark reaffirmed a "buy" rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and an average price target of $147.00.

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.