Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,436 shares of the game software company’s stock after selling 795 shares during the quarter. Jacobs & Co. CA’s holdings in Electronic Arts were worth $8,549,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts during the third quarter valued at about $25,000. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts in the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC increased its holdings in shares of Electronic Arts by 156.6% in the 3rd 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 during the period. Larson Financial Group LLC increased its holdings 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 valued at $42,000 after purchasing an additional 70 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Electronic Arts by 9,280.0% in the 4th quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock valued at $69,000 after purchasing an additional 464 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Roth Mkm upped their target price on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird increased their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Stock Performance

Shares of EA traded down $2.53 during trading hours on Friday, reaching $141.67. 1,196,673 shares of the company traded hands, compared to its average volume of 1,539,331. The stock’s fifty day moving average is $157.09 and its 200 day moving average is $148.96. The stock has a market cap of $37.16 billion, a P/E ratio of 36.42, a price-to-earnings-growth ratio of 2.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Dividend Announcement

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

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.