MQS Management LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

MQS Management LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 5,956 shares of the game software company’s stock, valued at approximately $854,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts during the third quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts during the 2nd quarter worth $28,000. Family Firm Inc. acquired a new stake in Electronic Arts in the 2nd quarter valued at $33,000. New Covenant Trust Company N.A. purchased a new position in Electronic Arts in the first quarter valued at about $35,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Electronic Arts during the third quarter worth about $36,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 2.2 %

Electronic Arts stock opened at $162.87 on Wednesday. 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 $163.00. The firm’s 50-day moving average is $146.15 and its 200-day moving average is $141.91. The company has a market cap of $42.72 billion, a P/E ratio of 41.87, a PEG ratio of 2.08 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. Electronic Arts’s payout ratio is currently 19.54%.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,260 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the transaction, the chief financial officer now owns 7,553 shares of the company’s stock, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EA shares. Oppenheimer raised their target price on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. The Goldman Sachs Group boosted their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Bank of America raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average 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.