8,023 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,023 shares of the game software company’s stock, valued at approximately $1,174,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after buying an additional 26,505 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after buying an additional 18,376 shares in the last quarter. Legal & General Group Plc raised its holdings in Electronic Arts by 2.1% during the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after buying an additional 53,800 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Electronic Arts by 3.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company’s stock valued at $290,945,000 after buying an additional 76,621 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Electronic Arts by 29.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after buying an additional 354,005 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.1 %

NASDAQ EA opened at $141.75 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $156.67 and its two-hundred day moving average is $149.10. The company has a market capitalization of $37.18 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.06 and a beta of 0.80. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,000 shares of company stock worth $3,422,485. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Eight 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

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.