Mendota Financial Group LLC Sells 192 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mendota Financial Group LLC lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 46.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221 shares of the game software company’s stock after selling 192 shares during the quarter. Mendota Financial Group LLC’s holdings in Electronic Arts were worth $32,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EA. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts in the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC purchased a new stake in Electronic Arts during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC increased its holdings in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after buying an additional 166 shares during the last quarter. Larson Financial Group LLC raised its position in Electronic Arts by 31.8% in the third 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 period. Finally, Versant Capital Management Inc boosted its stake in shares of Electronic Arts by 9,280.0% during the 4th quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock worth $69,000 after acquiring an additional 464 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $141.75 on Wednesday. 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 1-year low of $124.92 and a 1-year high of $168.50. The business has a 50 day simple moving average of $156.67 and a two-hundred day simple moving average of $149.10. The stock has a market capitalization of $37.18 billion, a PE ratio of 36.44, a P/E/G ratio of 2.06 and a beta of 0.80.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EA shares. Wedbush restated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th. Stifel Nicolaus restated a “hold” rating and issued a $167.00 price target on shares of Electronic Arts in a research report on Wednesday, December 18th. Roth Mkm lifted their price objective on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.37.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now directly owns 28,190 shares in the company, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Friday, October 25th. The stock was sold at an average price of $145.87, for a total transaction of $364,675.00. Following the transaction, the chief executive officer now directly owns 51,747 shares of the company’s stock, valued at $7,548,334.89. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,422,485 over the last 90 days. 0.22% of the stock is owned by 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.