Graypoint LLC Sells 181 Shares of Electronic Arts Inc. (NASDAQ:EA)

Graypoint LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,540 shares of the game software company’s stock after selling 181 shares during the quarter. Graypoint LLC’s holdings in Electronic Arts were worth $372,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the third quarter worth $25,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC boosted its holdings in Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after acquiring an additional 166 shares during the period. Larson Financial Group LLC grew its position in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Electronic Arts by 9,280.0% in the 4th quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock worth $69,000 after purchasing an additional 464 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EA shares. BMO Capital Markets reissued an “outperform” rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $140.85 on Friday. The company has a 50 day simple moving average of $156.89 and a two-hundred day simple moving average of $149.02. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The company has a market capitalization of $36.94 billion, a price-to-earnings ratio of 36.21, a P/E/G ratio of 2.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the transaction, the insider now owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total transaction of $217,080.00. Following the sale, the executive vice president now owns 24,860 shares in the company, valued at approximately $3,597,739.20. The trade was a 5.69 % decrease in their position. 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 $3,639,565. 0.22% of the stock is currently owned by corporate insiders.

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.