STF Management LP Decreases Stake in Electronic Arts Inc. (NASDAQ:EA)

STF Management LP lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,824 shares of the game software company’s stock after selling 421 shares during the quarter. STF Management LP’s holdings in Electronic Arts were worth $549,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EA. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the third quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 2nd quarter worth $28,000. Family Firm Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter worth about $33,000. New Covenant Trust Company N.A. purchased a new stake in shares of Electronic Arts during the 1st quarter valued at about $35,000. Finally, Reston Wealth Management LLC bought a new position in shares of Electronic Arts in the 3rd quarter valued at about $36,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA stock opened at $168.08 on Friday. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.07. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $44.08 billion, a P/E ratio of 43.21, a PEG ratio of 2.17 and a beta of 0.78. The business has a 50-day moving average price of $148.94 and a 200 day moving average price of $143.49.

Electronic Arts Dividend Announcement

The firm also recently disclosed 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. This represents a $0.76 annualized dividend and a yield of 0.45%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EA shares. Stifel Nicolaus boosted their price objective on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen increased their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Argus lifted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, Raymond James lifted their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction 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 directly owns 56,747 shares of the company’s stock, valued at $8,448,493.36. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,384 shares of company stock valued at $4,776,635 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts 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.