Galvin Gaustad & Stein LLC Reduces Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Galvin Gaustad & Stein LLC lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 73.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,993 shares of the game software company’s stock after selling 10,856 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Electronic Arts were worth $584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Frank Rimerman Advisors LLC raised its position in Electronic Arts by 8,641.4% during the second quarter. Frank Rimerman Advisors LLC now owns 2,535 shares of the game software company’s stock valued at $353,000 after purchasing an additional 2,506 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Electronic Arts by 28.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the game software company’s stock valued at $209,000 after buying an additional 306 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Electronic Arts by 97.6% during the second quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock valued at $1,110,000 after buying an additional 3,936 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Electronic Arts by 132.9% during the second quarter. Squarepoint Ops LLC now owns 116,458 shares of the game software company’s stock valued at $16,226,000 after buying an additional 66,449 shares during the last quarter. Finally, NBW Capital LLC grew its stake in shares of Electronic Arts by 2.0% during the second quarter. NBW Capital LLC now owns 35,617 shares of the game software company’s stock valued at $4,963,000 after buying an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the sale, the chief financial officer now directly owns 8,750 shares in the company, valued at approximately $1,296,575. This represents a 10.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,500 shares of company stock valued at $4,351,060. Company insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 16.0 %

Shares of EA stock opened at $119.62 on Thursday. The company has a market cap of $31.37 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.88 and a beta of 0.80. 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 firm has a fifty day moving average price of $154.24 and a 200-day moving average price of $149.20. Electronic Arts Inc. has a 1 year low of $117.56 and a 1 year high of $168.50.

Electronic Arts Dividend Announcement

The company 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 annualized dividend and a yield of 0.64%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EA shares. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and cut their target price for the stock from $170.00 to $130.00 in a research note on Thursday. UBS Group raised their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Wedbush reissued an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $160.89.

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.