Mutual of America Capital Management LLC Sells 2,287 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mutual of America Capital Management LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,674 shares of the game software company’s stock after selling 2,287 shares during the period. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $5,565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its holdings in Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after acquiring an additional 4,411 shares during the last quarter. Value Partners Investments Inc. increased its holdings in Electronic Arts by 33.5% in the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after acquiring an additional 107,709 shares during the last quarter. Metis Global Partners LLC increased its holdings in Electronic Arts by 14.7% in the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after acquiring an additional 1,469 shares during the last quarter. Morgan Stanley increased its holdings in Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Electronic Arts stock opened at $127.89 on Friday. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. 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 Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The firm has a 50-day moving average of $135.82 and a two-hundred day moving average of $134.16.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. Electronic Arts’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.29 earnings per share. On average, research analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is 19.14%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. BMO Capital Markets initiated coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Wedbush reissued an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Buying and Selling at Electronic Arts

In other news, Director Jeff Huber sold 11,872 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the completion of the sale, the director now owns 79,381 shares in the company, valued at approximately $11,264,163.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $137.95, for a total value of $137,950.00. Following the completion of the sale, the insider now owns 21,258 shares in the company, valued at approximately $2,932,541.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeff Huber sold 11,872 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the completion of the sale, the director now owns 79,381 shares of the company’s stock, valued at approximately $11,264,163.90. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,153,300 in the last three months. Company insiders own 0.20% of the company’s stock.

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.