Oak Thistle LLC Purchases Shares of 13,000 Electronic Arts Inc. (NASDAQ:EA)

Oak Thistle LLC acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,000 shares of the game software company’s stock, valued at approximately $1,902,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the third quarter worth $25,000. Reston Wealth Management LLC bought a new stake in Electronic Arts in the third quarter valued at $36,000. Bruce G. Allen Investments LLC raised its holdings in shares of 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 purchasing an additional 166 shares during the period. Larson Financial Group LLC boosted its position 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 purchasing an additional 70 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Electronic Arts by 9,280.0% during the 4th quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock worth $69,000 after purchasing an additional 464 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $141.75 on Wednesday. The company has a market capitalization of $37.18 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80. The company’s 50-day moving average is $156.67 and its 200 day moving average is $149.10. 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 fifty-two week low of $124.92 and a fifty-two week high of $168.50.

Electronic Arts Dividend Announcement

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

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the transaction, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. This trade represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares in the company, valued at $7,548,334.89. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,422,485 in the last quarter. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and increased their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. UBS Group boosted their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm raised their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company 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.