Mutual of America Capital Management LLC Has $5.17 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Mutual of America Capital Management LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,961 shares of the game software company’s stock after selling 3,261 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $5,173,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Mackenzie Financial Corp boosted its position in Electronic Arts by 50.7% in the second quarter. Mackenzie Financial Corp now owns 145,739 shares of the game software company’s stock worth $19,073,000 after purchasing an additional 49,044 shares during the last quarter. Metis Global Partners LLC boosted its position in Electronic Arts by 14.7% in the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after purchasing an additional 1,469 shares during the last quarter. Schroder Investment Management Group boosted its position in Electronic Arts by 5.1% in the second quarter. Schroder Investment Management Group now owns 145,328 shares of the game software company’s stock worth $18,849,000 after purchasing an additional 6,996 shares during the last quarter. Headlands Technologies LLC boosted its position in Electronic Arts by 15.4% in the second quarter. Headlands Technologies LLC now owns 2,684 shares of the game software company’s stock worth $348,000 after purchasing an additional 359 shares during the last quarter. Finally, Cantor Fitzgerald L. P. purchased a new position in shares of Electronic Arts during the 2nd quarter valued at $28,342,000. Institutional investors own 90.42% of the company’s stock.

Electronic Arts Stock Up 1.3 %

Electronic Arts stock opened at $140.61 on Monday. The business has a fifty day moving average of $137.65 and a two-hundred day moving average of $130.07. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market cap of $37.59 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.13 and a beta of 0.78. Electronic Arts Inc. has a twelve month low of $108.53 and a twelve month high of $143.47.

Electronic Arts (NASDAQ:EAGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 EPS. On average, analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, February 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Insider Activity

In related news, Director Luis A. Ubinas sold 4,872 shares of Electronic Arts stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total value of $666,684.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Electronic Arts news, COO Laura Miele sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $274,860.00. Following the sale, the chief operating officer now owns 38,548 shares of the company’s stock, valued at $5,297,651.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Luis A. Ubinas sold 4,872 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total value of $666,684.48. The disclosure for this sale can be found here. Insiders have sold 27,031 shares of company stock worth $3,710,113 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EA shares. Wells Fargo & Company upped their price target on Electronic Arts from $145.00 to $148.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Roth Mkm boosted their price objective on Electronic Arts from $138.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. BMO Capital Markets started coverage on Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 1st. Finally, TheStreet upgraded Electronic Arts from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus target price of $146.94.

Read Our Latest Stock Analysis on Electronic Arts

Electronic Arts Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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