Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,436 shares of the game software company’s stock after selling 795 shares during the period. Jacobs & Co. CA’s holdings in Electronic Arts were worth $8,549,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank grew its holdings in Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after acquiring an additional 234,098 shares in the last quarter. Dai ichi Life Insurance Company Ltd boosted its holdings in shares of Electronic Arts by 20.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after buying an additional 11,058 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Electronic Arts by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock valued at $12,078,000 after buying an additional 4,702 shares in the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Electronic Arts in the 3rd quarter valued at $5,597,000. Finally, Chesapeake Capital Corp IL acquired a new position in shares of Electronic Arts in the 3rd quarter valued at $950,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird upped their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Stifel Nicolaus restated a “hold” rating and set a $167.00 price objective on shares of Electronic Arts in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Roth Mkm upped their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.37.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction 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 sale, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. This trade represents a 3.31 % 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. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 1.8 %

EA stock traded down $2.53 during midday trading on Friday, reaching $141.67. 1,196,673 shares of the company’s stock traded hands, compared to its average volume of 1,539,331. The company has a market capitalization of $37.16 billion, a P/E ratio of 36.42, a PEG ratio of 2.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The business has a 50-day moving average price of $157.09 and a two-hundred day moving average price of $148.96.

Electronic Arts Announces Dividend

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

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.