Electronic Arts Inc. (NASDAQ:EA) Stake Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,183 shares of the game software company’s stock after selling 2,073 shares during the period. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $5,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in EA. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts during the third quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts during the 2nd quarter worth about $28,000. Family Firm Inc. purchased a new stake in Electronic Arts during the second quarter valued at about $33,000. New Covenant Trust Company N.A. acquired a new position in shares of Electronic Arts in the first quarter worth about $35,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the subject of several research analyst reports. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their target price on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. TD Cowen lifted their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird increased their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $166.13 on Wednesday. The business’s 50-day simple moving average is $148.01 and its 200-day simple moving average is $143.16. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $166.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $43.57 billion, a price-to-earnings ratio of 42.71, a P/E/G ratio of 2.11 and a beta of 0.78.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the transaction, the chief executive officer now owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. The trade was a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,384 shares of company stock valued at $3,944,285. Company insiders own 0.22% of the company’s stock.

Electronic Arts 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.