Northwest & Ethical Investments L.P. Sells 17,619 Shares of Electronic Arts Inc. (NASDAQ:EA)

Northwest & Ethical Investments L.P. cut its position in Electronic Arts Inc. (NASDAQ:EA) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,598 shares of the game software company’s stock after selling 17,619 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Electronic Arts were worth $15,147,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 2nd quarter worth about $28,000. Family Firm Inc. bought a new position in Electronic Arts during the second quarter worth about $33,000. New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth about $36,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

EA stock traded down $1.92 during midday trading on Thursday, reaching $163.10. 1,260,204 shares of the company’s stock traded hands, compared to its average volume of 2,048,851. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The firm has a market capitalization of $42.78 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 2.14 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 company has a 50-day moving average price of $150.16 and a two-hundred day moving average price of $144.50.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Raymond James lifted their price objective 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. Argus increased their target price on shares of 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 raised their target price on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Wedbush restated an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a research report on Friday, October 25th. Eight investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. This represents a 3.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the sale, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,000 shares of company stock worth $3,073,520. 0.22% of the stock is currently owned by insiders.

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.