Mutual of America Capital Management LLC Sells 3,261 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mutual of America Capital Management LLC decreased its position in Electronic Arts Inc. (NASDAQ:EAFree Report) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,961 shares of the game software company’s stock after selling 3,261 shares during the period. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $5,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BDO Wealth Advisors LLC grew its holdings in shares of Electronic Arts by 26.7% during the 2nd quarter. BDO Wealth Advisors LLC now owns 380 shares of the game software company’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Electronic Arts by 4.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,086 shares of the game software company’s stock valued at $271,000 after purchasing an additional 80 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Electronic Arts by 60.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 228 shares of the game software company’s stock valued at $30,000 after purchasing an additional 86 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Electronic Arts by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after purchasing an additional 86 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew its holdings in shares of Electronic Arts by 5.0% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,900 shares of the game software company’s stock valued at $246,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $134.45, for a total value of $134,450.00. Following the completion of the sale, the insider now directly owns 20,922 shares in the company, valued at $2,812,962.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $137.19, for a total transaction of $342,975.00. Following the completion of the sale, the chief executive officer now directly owns 35,930 shares in the company, valued at $4,929,236.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $134.45, for a total transaction of $134,450.00. Following the completion of the transaction, the insider now owns 20,922 shares of the company’s stock, valued at $2,812,962.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,031 shares of company stock valued at $3,710,113. Insiders own 0.20% of the company’s stock.

Electronic Arts Trading Up 1.3 %

Shares of NASDAQ EA opened at $140.61 on Monday. Electronic Arts Inc. has a 1 year low of $108.53 and a 1 year high of $143.47. The stock has a market cap of $37.59 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. The firm has a 50-day moving average of $137.65 and a 200 day moving average of $130.07. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

Electronic Arts (NASDAQ:EAGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the business earned $2.29 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts expect that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EA shares. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 1st. Wedbush reissued an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Wolfe Research started coverage on shares of Electronic Arts in a report on Tuesday, December 12th. They issued a “peer perform” rating on the stock. Roth Mkm raised their price target on shares of Electronic Arts from $138.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Electronic Arts from $132.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average target price of $146.94.

Get Our Latest Analysis on Electronic Arts

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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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