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

Ulland Investment Advisors LLC cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 39.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts in the third quarter worth approximately $25,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in Electronic Arts in the third quarter worth about $36,000. Bruce G. Allen Investments LLC boosted its position in shares of 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 valued at $39,000 after purchasing an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EA has been the subject of a number of analyst reports. Argus raised their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Roth Mkm increased their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird boosted their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Price Performance

Shares of EA opened at $142.00 on Tuesday. The stock has a market cap of $37.24 billion, a PE ratio of 36.50, a P/E/G ratio of 1.84 and a beta of 0.80. 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 50-day simple moving average of $155.04 and a two-hundred day simple moving average of $149.21.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares in the company, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares of the company’s stock, valued at approximately $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 23,500 shares of company stock worth $3,637,660 over the last three months. Company insiders own 0.22% of the company’s stock.

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.