USA Financial Formulas Has $1.16 Million Position in Electronic Arts Inc. (NASDAQ:EA)

USA Financial Formulas lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 15.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,930 shares of the game software company’s stock after selling 1,465 shares during the period. USA Financial Formulas’ holdings in Electronic Arts were worth $1,160,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EA. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. grew its holdings in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Electronic Arts in the third quarter worth $36,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of 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 last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Roth Mkm lifted their target price 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. Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a report on Friday, October 25th. Argus boosted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Eight research 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 company. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Stock Performance

Shares of EA stock opened at $142.13 on Thursday. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The firm’s 50-day simple moving average is $156.39 and its two-hundred day simple moving average is $149.11. The firm has a market cap of $37.28 billion, a price-to-earnings ratio of 36.54, a P/E/G ratio of 2.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the sale, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 29,216 shares of the company’s stock, 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 22,000 shares of company stock valued at $3,422,485 over the last ninety days. 0.22% of the stock is currently 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.