DRW Securities LLC Has $1.17 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

DRW Securities LLC cut its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 46.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,120 shares of the game software company's stock after selling 7,038 shares during the period. DRW Securities LLC's holdings in Electronic Arts were worth $1,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EA. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the 3rd quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter worth $28,000. Family Firm Inc. purchased a new stake in Electronic Arts in the 2nd quarter worth about $33,000. New Covenant Trust Company N.A. purchased a new position in Electronic Arts during the 1st quarter valued at about $35,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts in the third quarter worth approximately $36,000. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

EA traded up $0.88 on Tuesday, hitting $165.02. 1,859,535 shares of the stock traded hands, compared to its average volume of 2,052,295. The business has a fifty day moving average price of $149.71 and a two-hundred day moving average price of $144.23. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $43.28 billion, a PE ratio of 42.42, a P/E/G ratio of 2.18 and a beta of 0.78. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The company also recently announced 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 is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts's payout ratio is 19.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. 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. BNP Paribas raised Electronic Arts to a "strong-buy" rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, BMO Capital Markets restated an "outperform" rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of "Moderate Buy" and an average target price of $165.37.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now directly owns 29,190 shares of the company's stock, valued at $4,181,175.60. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm'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 sale, the chief executive officer now directly owns 54,247 shares of the company's stock, valued at approximately $7,675,950.50. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,884 shares of company stock valued at $4,404,435 over the last ninety days. 0.22% of the stock is owned by company insiders.

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.