Sittner & Nelson LLC Grows Stock Holdings in Electronic Arts Inc. $EA

Sittner & Nelson LLC grew its position in Electronic Arts Inc. (NASDAQ:EA) by 256.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,310 shares of the game software company’s stock after buying an additional 3,100 shares during the period. Sittner & Nelson LLC’s holdings in Electronic Arts were worth $862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. lifted its position in Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new position in Electronic Arts in the fourth quarter worth $44,000. Geneos Wealth Management Inc. grew its holdings in Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after purchasing an additional 57 shares during the last quarter. Finally, Asset Dedication LLC lifted its holdings in shares of Electronic Arts by 333.3% during the 3rd quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock valued at $52,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several research analyst reports. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Citigroup increased their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Price Performance

NASDAQ EA opened at $202.63 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day moving average price is $202.16 and its 200 day moving average price is $202.27. Electronic Arts Inc. has a 1 year low of $145.54 and a 1 year high of $204.88. The company has a market cap of $50.81 billion, a price-to-earnings ratio of 58.06, a PEG ratio of 2.23 and a beta of 0.65.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the sale, the insider owned 45,843 shares in the company, valued at $9,166,307.85. This represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 39,906 shares of company stock valued at $8,032,336 over the last three months. Company insiders own 0.24% of the company’s stock.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.