Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 90.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,849 shares of the game software company's stock after selling 148,505 shares during the quarter. Galvin Gaustad & Stein LLC's holdings in Electronic Arts were worth $2,130,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Applied Finance Capital Management LLC raised its holdings in Electronic Arts by 16.5% in the 3rd quarter. Applied Finance Capital Management LLC now owns 4,764 shares of the game software company's stock worth $683,000 after purchasing an additional 674 shares during the period. JB Capital LLC increased its position in shares of Electronic Arts by 2.1% in the third quarter. JB Capital LLC now owns 21,685 shares of the game software company's stock valued at $3,111,000 after buying an additional 444 shares in the last quarter. Montecito Bank & Trust raised its stake in shares of Electronic Arts by 65.9% during the 3rd quarter. Montecito Bank & Trust now owns 4,014 shares of the game software company's stock worth $576,000 after buying an additional 1,595 shares during the period. Graypoint LLC lifted its position in shares of Electronic Arts by 5.6% during the 3rd quarter. Graypoint LLC now owns 2,721 shares of the game software company's stock valued at $390,000 after buying an additional 145 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new position in shares of Electronic Arts during the 3rd quarter valued at approximately $5,597,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Electronic Arts stock traded down $2.09 during midday trading on Friday, reaching $157.91. The company's stock had a trading volume of 1,391,991 shares, compared to its average volume of 1,801,187. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $160.31. The firm has a market capitalization of $41.42 billion, a PE ratio of 40.59, a P/E/G ratio of 2.06 and a beta of 0.78. The stock's 50 day simple moving average is $145.66 and its 200 day simple moving average is $141.34.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.48%. Electronic Arts's dividend payout ratio is presently 19.54%.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now owns 50,433 shares of the company's stock, valued at $7,969,926.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total value of $223,980.00. Following the completion of the sale, the executive vice president now directly owns 27,860 shares in the company, valued at approximately $4,160,055.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EA. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. StockNews.com upgraded Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Robert W. Baird boosted their price target on Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. TD Cowen increased their price objective on Electronic Arts from $163.00 to $183.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Wedbush reaffirmed an "outperform" rating and set a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, 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.