Mainstream Capital Management LLC Takes $78,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Mainstream Capital Management LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 536 shares of the game software company’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EA. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts during the third quarter valued at about $25,000. Pinnacle Bancorp Inc. grew its position in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares during the period. Whipplewood Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter valued at about $32,000. SBI Securities Co. Ltd. purchased a new stake in Electronic Arts during the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC grew its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the transaction, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,500 shares of company stock valued at $3,428,645. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Benchmark lowered their price target on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Argus upped their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Friday, January 31st. DA Davidson began coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price for the company. Finally, Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average price target of $154.78.

Electronic Arts Trading Up 0.1 %

Shares of NASDAQ EA opened at $129.23 on Tuesday. The stock’s 50 day moving average price is $134.72 and its two-hundred day moving average price is $145.59. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The stock has a market capitalization of $33.68 billion, a P/E ratio of 32.88, a PEG ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

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.