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

Galvin Gaustad & Stein LLC lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 73.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts during the third quarter valued at $25,000. Pinnacle Bancorp Inc. grew its position in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at about $36,000. Bruce G. Allen Investments LLC grew its position in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC grew its position 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 valued at $42,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of the 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 transaction, the chief executive officer now owns 51,747 shares in the company, valued at $7,548,334.89. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,500 shares of company stock valued at $4,351,060. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $119.62 on Thursday. The firm has a 50 day simple moving average of $154.24 and a 200-day simple moving average of $149.20. 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 market cap of $31.37 billion, a PE ratio of 31.12, a P/E/G ratio of 1.88 and a beta of 0.80. Electronic Arts Inc. has a 1-year low of $117.56 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EA shares. JPMorgan Chase & Co. dropped their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BMO Capital Markets lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $160.00 to $145.00 in a research report on Thursday. Bank of America lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $130.00 in a research report on Thursday. Benchmark restated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, Roth Mkm boosted their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.