Ashton Thomas Private Wealth LLC Sells 122 Shares of Electronic Arts Inc. (NASDAQ:EA)

Ashton Thomas Private Wealth LLC reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,318 shares of the game software company’s stock after selling 122 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Electronic Arts were worth $476,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its holdings in shares of Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after purchasing an additional 79 shares in the last quarter. Shepherd Financial Partners LLC raised its holdings in Electronic Arts by 1.6% during the third 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. Grove Bank & Trust lifted its stake in shares of Electronic Arts by 23.5% in the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after buying an additional 94 shares in the last quarter. CWM LLC grew its holdings in shares of Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after buying an additional 95 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value 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. This trade represents a 4.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the transaction, the chief financial officer now owns 7,553 shares of the company’s stock, valued at $1,120,638.61. This trade represents a 14.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock valued at $3,886,282 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $164.12 on Friday. The firm has a market capitalization of $43.04 billion, a PE ratio of 42.19, a P/E/G ratio of 2.13 and a beta of 0.78. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $146.83 and a two-hundred day moving average price of $142.21. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $164.42.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts’s dividend payout ratio is 19.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EA shares. Robert W. Baird raised their price target 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. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. UBS Group increased their price target on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus lifted their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen increased their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus 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.