Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 311,410 shares of the game software company’s stock after selling 8,261 shares during the period. Bank of Montreal Can owned approximately 0.12% of Electronic Arts worth $45,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its holdings in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after buying an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after buying an additional 79 shares during the last quarter. Shepherd Financial Partners LLC increased its holdings in shares of Electronic Arts by 1.6% during the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after buying an additional 88 shares during the last quarter. Finally, Grove Bank & Trust boosted its position in shares of Electronic Arts by 23.5% during the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Electronic Arts stock opened at $163.10 on Thursday. The stock has a market cap of $42.78 billion, a P/E ratio of 41.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. The company has a fifty day simple moving average of $150.16 and a 200-day simple moving average of $144.50. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

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

Analyst Upgrades and Downgrades

EA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. UBS Group increased their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. TD Cowen increased their price objective on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, Raymond James increased their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $165.37.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now directly owns 29,190 shares in the company, valued at $4,181,175.60. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $3,073,520 in the last ninety days. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Company 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.