Mutual of America Capital Management LLC Sells 1,494 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mutual of America Capital Management LLC reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,689 shares of the game software company’s stock after selling 1,494 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $5,660,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts in the third quarter worth $25,000. Pinnacle Bancorp Inc. raised its stake in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the fourth quarter worth $32,000. Larson Financial Group LLC raised its stake in Electronic Arts by 31.8% during 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 in the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after acquiring an additional 350 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the sale, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. This represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock valued at $3,428,645 in the last quarter. 0.22% of the stock is currently owned by insiders.

Electronic Arts Trading Up 0.1 %

NASDAQ:EA opened at $129.23 on Tuesday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $134.72 and a two-hundred day moving average price of $145.59. The company has a market cap of $33.68 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Analyst Ratings Changes

Several research firms have issued reports on EA. Robert W. Baird dropped their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Argus boosted their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Roth Mkm decreased their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Finally, Bank of America boosted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $154.78.

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.