Assetmark Inc. Has $2.17 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Assetmark Inc. cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,109 shares of the game software company’s stock after selling 346 shares during the period. Assetmark Inc.’s holdings in Electronic Arts were worth $2,167,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EA. Cullen Frost Bankers Inc. grew its holdings in shares of Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after purchasing an additional 79 shares during the last quarter. Shepherd Financial Partners LLC increased its holdings in shares of Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after buying an additional 88 shares in the last quarter. Grove Bank & Trust lifted its stake in shares of Electronic Arts by 23.5% in the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after acquiring an additional 94 shares during the last quarter. CWM LLC boosted its holdings in shares of Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after acquiring an additional 95 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the sale, the chief executive officer now owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the sale, the insider now owns 30,190 shares in the company, valued at $4,579,823. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the transaction, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,144 shares of company stock worth $3,886,282. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $162.72 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $163.00. The company has a fifty day moving average of $146.46 and a 200-day moving average of $142.05. The firm has a market capitalization of $42.68 billion, a P/E ratio of 41.83, a P/E/G ratio of 2.13 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Analyst Ratings Changes

Several research firms have commented on EA. Stifel Nicolaus increased their target price on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Argus lifted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. TD Cowen boosted their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Eight investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

About Electronic Arts

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.