Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Doliver Advisors LP

Doliver Advisors LP lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,928 shares of the game software company’s stock after selling 146 shares during the quarter. Doliver Advisors LP’s holdings in Electronic Arts were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Foundations Investment Advisors LLC acquired a new stake in Electronic Arts during the 2nd quarter worth about $213,000. Victory Capital Management Inc. boosted its position in Electronic Arts by 24.8% in the second quarter. Victory Capital Management Inc. now owns 312,597 shares of the game software company’s stock valued at $43,554,000 after buying an additional 62,157 shares during the last quarter. Arizona State Retirement System increased its holdings in Electronic Arts by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 73,632 shares of the game software company’s stock worth $10,259,000 after buying an additional 306 shares during the period. Farmers & Merchants Investments Inc. raised its position in Electronic Arts by 25.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 884 shares of the game software company’s stock worth $123,000 after buying an additional 177 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Electronic Arts by 18.4% during the 2nd quarter. Private Advisor Group LLC now owns 3,526 shares of the game software company’s stock valued at $491,000 after acquiring an additional 548 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

NASDAQ EA traded down $1.15 during mid-day trading on Monday, hitting $145.14. The stock had a trading volume of 898,933 shares, compared to its average volume of 1,015,519. The firm’s 50 day moving average is $157.32 and its 200 day moving average is $148.94. The stock has a market capitalization of $38.07 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.14 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 twelve month low of $124.92 and a twelve month high of $168.50.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s payout ratio is 19.54%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the transaction, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total transaction of $217,080.00. Following the transaction, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This trade represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock worth $3,639,565 in the last quarter. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EA. Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a report on Friday, October 25th. UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Argus upped their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned 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.

About Electronic Arts

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.