Managed Asset Portfolios LLC Has $6.84 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Managed Asset Portfolios LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,705 shares of the game software company’s stock after selling 234 shares during the period. Managed Asset Portfolios LLC’s holdings in Electronic Arts were worth $6,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Huntington National Bank lifted its stake in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Electronic Arts by 34.9% during the 2nd quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock worth $1,982,000 after buying an additional 3,681 shares during the last quarter. Greenwood Capital Associates LLC acquired a new stake in Electronic Arts in the third quarter valued at about $5,597,000. Chesapeake Capital Corp IL bought a new position in Electronic Arts in the third quarter valued at about $950,000. Finally, Czech National Bank raised its stake in Electronic Arts by 8.3% during the second quarter. Czech National Bank now owns 46,360 shares of the game software company’s stock worth $6,459,000 after acquiring an additional 3,554 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Down 0.8 %

EA opened at $166.67 on Friday. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The company has a fifty day moving average of $149.36 and a 200-day moving average of $143.84. The stock has a market cap of $43.71 billion, a PE ratio of 42.85, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

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

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total transaction of $223,980.00. Following the completion of the sale, the executive vice president now owns 27,860 shares of the company’s stock, valued at $4,160,055.20. The trade was a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,384 shares of company stock valued at $4,776,635. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EA shares. Stifel Nicolaus raised their price target on shares of Electronic Arts from $165.00 to $167.00 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 upped their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. Finally, TD Cowen upped their target price on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $165.37.

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.