MML Investors Services LLC Has $1.50 Million Position in Electronic Arts Inc. (NASDAQ:EA)

MML Investors Services LLC grew its position in Electronic Arts Inc. (NASDAQ:EA) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,437 shares of the game software company’s stock after purchasing an additional 246 shares during the period. MML Investors Services LLC’s holdings in Electronic Arts were worth $1,497,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Electronic Arts by 0.4% in the 2nd 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 purchasing an additional 18,376 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Electronic Arts by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after purchasing an additional 53,800 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Electronic Arts by 3.8% in the 2nd 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 purchasing an additional 76,621 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Electronic Arts by 29.6% in 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 during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Electronic Arts by 43.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after buying an additional 420,382 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EA shares. Robert W. Baird lifted their price target on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Roth Mkm boosted their price objective on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Argus boosted their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Price Performance

Shares of EA opened at $154.79 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50 day simple moving average of $156.52 and a 200 day simple moving average of $147.93. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The firm has a market capitalization of $40.60 billion, a PE ratio of 39.79, a P/E/G ratio of 2.14 and a beta of 0.79.

Electronic Arts Dividend Announcement

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 given a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.49%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 of the company’s stock, valued at $7,675,950.50. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This trade represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,000 shares of company stock worth $3,100,805. 0.22% of the stock is owned by company insiders.

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.