Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Doliver Advisors LP

Doliver Advisors LP lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.7% during the 4th quarter, Holdings Channel reports. The firm owned 2,928 shares of the game software company’s stock after selling 146 shares during the period. Doliver Advisors LP’s holdings in Electronic Arts were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC grew its stake in Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Electronic Arts by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after buying an additional 18,376 shares during the period. Legal & General Group Plc grew its position in shares of Electronic Arts by 2.1% during the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock worth $367,789,000 after buying an additional 53,800 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Electronic Arts by 3.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company’s stock worth $290,945,000 after buying an additional 76,621 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Electronic Arts by 29.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after acquiring an additional 354,005 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EA. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. BMO Capital Markets reissued an “outperform” rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00. Following the sale, the insider now owns 28,190 shares of the company’s stock, valued at $4,251,897.70. The trade was a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock worth $3,639,565 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ:EA traded down $1.15 during mid-day trading on Monday, reaching $145.14. The stock had a trading volume of 898,933 shares, compared to its average volume of 1,015,519. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The business has a 50 day simple moving average of $157.32 and a 200 day simple moving average of $148.94. The firm has a market capitalization of $38.07 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.14 and a beta of 0.80. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.