Ulland Investment Advisors LLC Trims Position in Electronic Arts Inc. (NASDAQ:EA)

Ulland Investment Advisors LLC cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 39.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 408 shares of the game software company’s stock after selling 263 shares during the period. Ulland Investment Advisors LLC’s holdings in Electronic Arts were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in EA. Ashton Thomas Securities LLC acquired a new position in Electronic Arts during the third quarter worth $25,000. Pinnacle Bancorp Inc. lifted its stake 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 purchased a new stake in Electronic Arts during the third quarter worth about $36,000. Bruce G. Allen Investments LLC grew its position in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after buying an additional 166 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.4 %

Shares of EA stock opened at $142.00 on Tuesday. The firm’s 50-day simple moving average is $155.04 and its 200-day simple moving average is $149.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The firm has a market cap of $37.24 billion, a P/E ratio of 36.50, a PEG ratio of 1.84 and a beta of 0.80.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the sale, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. This represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts 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. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock worth $3,637,660 in the last quarter. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EA shares. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective 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. Wedbush restated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a report on Friday, October 25th. Roth Mkm increased their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus restated a “hold” rating and set a $167.00 price objective on shares of Electronic Arts in a research report on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

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.