Graypoint LLC Sells 181 Shares of Electronic Arts Inc. (NASDAQ:EA)

Graypoint LLC decreased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.7% during the fourth quarter, Holdings Channel reports. The firm owned 2,540 shares of the game software company’s stock after selling 181 shares during the quarter. Graypoint LLC’s holdings in Electronic Arts were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EA. First Hawaiian Bank purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $494,000. Pensionfund Sabic increased its holdings in Electronic Arts by 36.6% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the game software company’s stock valued at $1,639,000 after buying an additional 3,000 shares during the last quarter. Nordea Investment Management AB raised its position in Electronic Arts by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 169,083 shares of the game software company’s stock worth $24,845,000 after acquiring an additional 9,580 shares during the period. Everence Capital Management Inc. boosted its stake in shares of Electronic Arts by 7.4% during the 4th quarter. Everence Capital Management Inc. now owns 8,265 shares of the game software company’s stock worth $1,209,000 after acquiring an additional 570 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Electronic Arts by 25.1% during the 4th quarter. GAMMA Investing LLC now owns 5,727 shares of the game software company’s stock valued at $838,000 after acquiring an additional 1,150 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 2.3 %

Shares of EA opened at $140.85 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $36.94 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.06 and a beta of 0.79. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The business’s 50 day simple moving average is $156.89 and its 200-day simple moving average is $149.02.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders 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 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were 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 directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,639,565 in the last three months. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $167.00 target price on shares of Electronic Arts in a report on Wednesday, December 18th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Roth Mkm increased their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group lifted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

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.