MQS Management LLC Acquires Shares of 5,956 Electronic Arts Inc. (NASDAQ:EA)

MQS Management LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,956 shares of the game software company’s stock, valued at approximately $854,000.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Electronic Arts during the third quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the 2nd quarter worth $28,000. Family Firm Inc. acquired a new position in shares of Electronic Arts during the 2nd quarter valued at about $33,000. New Covenant Trust Company N.A. acquired a new position in shares of Electronic Arts during the 1st quarter valued at about $35,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts in the third quarter valued at about $36,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the transaction, the insider now directly owns 30,190 shares of the company’s stock, valued at $4,579,823. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares in the company, valued at $4,579,823. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,144 shares of company stock valued at $3,886,282. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of several analyst reports. Oppenheimer increased their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. lowered their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Bank of America boosted their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wedbush reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. Finally, DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Stock Up 2.2 %

EA stock opened at $162.87 on Wednesday. The company’s 50-day moving average price is $146.15 and its 200 day moving average price is $141.91. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $163.00. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $42.72 billion, a P/E ratio of 41.87, a P/E/G ratio of 2.08 and a beta of 0.78.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.47%. Electronic Arts’s dividend payout ratio is presently 19.54%.

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.