John G Ullman & Associates Inc. Sells 350 Shares of Electronic Arts Inc. (NASDAQ:EA)

John G Ullman & Associates Inc. lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,000 shares of the game software company’s stock after selling 350 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Electronic Arts were worth $3,299,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts in the 3rd quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts in the 2nd quarter worth approximately $28,000. Family Firm Inc. bought a new position in Electronic Arts in the 2nd quarter valued at approximately $33,000. New Covenant Trust Company N.A. purchased a new stake in Electronic Arts during the 1st quarter valued at $35,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth $36,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $166.71 on Thursday. The company has a market cap of $43.72 billion, a PE ratio of 42.86, a P/E/G ratio of 2.17 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The business has a 50-day simple moving average of $148.47 and a two-hundred day simple moving average of $143.32. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $167.51.

Electronic Arts Dividend Announcement

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

Analysts Set New Price Targets

EA has been the topic of several research reports. Argus raised their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Bank of America boosted their price objective on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted their target price 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, Stifel Nicolaus raised their price target on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and an average price target of $165.37.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the transaction, the executive vice president now owns 23,360 shares in the company, valued at approximately $3,814,688. This represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,384 shares of company stock valued at $3,944,285. 0.22% of the stock is owned by insiders.

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.