Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 9.2% in the 3rd quarter, Holdings Channel reports. The fund owned 147,400 shares of the game software company’s stock after selling 15,000 shares during the period. Electronic Arts accounts for approximately 1.9% of Nicola Wealth Management LTD.’s holdings, making the stock its 18th biggest position. Nicola Wealth Management LTD.’s holdings in Electronic Arts were worth $21,143,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EA. Vanguard Group Inc. increased its holdings in Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares in the last quarter. Capital International Investors raised its holdings in Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after purchasing an additional 833,492 shares during the last quarter. Ninety One UK Ltd boosted its position in Electronic Arts by 1.3% during the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after purchasing an additional 53,237 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after purchasing an additional 18,376 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after purchasing an additional 53,800 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.5 %

Shares of NASDAQ EA traded up $0.88 during midday trading on Thursday, hitting $163.60. The stock had a trading volume of 206,217 shares, compared to its average volume of 2,049,188. 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 1-year low of $124.92 and a 1-year high of $163.75. The company has a market capitalization of $42.91 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 2.13 and a beta of 0.78. The company has a fifty day moving average price of $146.46 and a 200 day moving average price of $142.05.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. Electronic Arts’s payout ratio is 19.54%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EA shares. Robert W. Baird boosted their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen increased their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America lifted their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Argus upped their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the sale, the chief executive officer now owns 56,747 shares of the company’s stock, valued at $8,448,493.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 26,144 shares of company stock valued at $3,886,282. Company insiders own 0.22% of the company’s stock.

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.