Oak Thistle LLC Acquires New Holdings in Electronic Arts Inc. (NASDAQ:EA)

Oak Thistle LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,000 shares of the game software company's stock, valued at approximately $1,902,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts during the third quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in Electronic Arts during the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC lifted its position in Electronic Arts by 156.6% during the 3rd 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 stake in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Versant Capital Management Inc grew 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 buying an additional 464 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the transaction, the insider now owns 29,216 shares of the company's stock, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts 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 directly owns 51,747 shares in the company, valued at $7,548,334.89. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,000 shares of company stock worth $3,422,485. Company insiders own 0.22% of the company's stock.

Electronic Arts Trading Up 0.8 %

Shares of EA stock opened at $142.89 on Wednesday. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The firm has a 50 day moving average price of $156.67 and a two-hundred day moving average price of $149.10. 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 market capitalization of $37.48 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80.

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 issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts's dividend payout ratio (DPR) is currently 19.54%.

Wall Street Analyst Weigh In

EA has been the topic of several analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Benchmark restated a "buy" rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Argus lifted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Roth Mkm raised their price target on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.