Electronic Arts Inc. (NASDAQ:EA) Stock Position Boosted by Fulcrum Capital LLC

Fulcrum Capital LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,404 shares of the game software company’s stock after acquiring an additional 498 shares during the quarter. Electronic Arts comprises 1.4% of Fulcrum Capital LLC’s holdings, making the stock its 25th biggest position. Fulcrum Capital LLC’s holdings in Electronic Arts were worth $6,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the 3rd quarter valued at about $25,000. Reston Wealth Management LLC purchased a new stake in Electronic Arts during the third quarter valued at about $36,000. Bruce G. Allen Investments LLC lifted its stake in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after buying an additional 166 shares in the last quarter. Larson Financial Group LLC lifted its stake 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 buying an additional 70 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Electronic Arts by 9,280.0% during the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock valued at $69,000 after buying an additional 464 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. 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. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Finally, Argus raised their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Price Performance

Shares of EA traded up $1.41 during trading hours on Monday, hitting $142.26. The stock had a trading volume of 1,075,450 shares, compared to its average volume of 1,630,536. The company’s fifty day moving average is $156.89 and its two-hundred day moving average is $149.08. 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 52 week low of $124.92 and a 52 week high of $168.50. The stock has a market capitalization of $37.31 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.06 and a beta of 0.80.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the transaction, the insider now directly owns 28,190 shares in the company, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,639,565 in the last 90 days. 0.22% of the stock is currently owned by 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.