Integrated Wealth Concepts LLC Sells 4,132 Shares of Electronic Arts Inc. (NASDAQ:EA)

Integrated Wealth Concepts LLC trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 59.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,836 shares of the game software company's stock after selling 4,132 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Electronic Arts were worth $407,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter worth $25,000. Family Firm Inc. purchased a new stake in Electronic Arts during the 2nd quarter worth about $33,000. Reston Wealth Management LLC purchased a new position in Electronic Arts in the third quarter valued at approximately $36,000. Gradient Investments LLC lifted its position in Electronic Arts by 592.1% in the second quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock valued at $37,000 after acquiring an additional 225 shares during the last quarter. Finally, Bruce G. Allen Investments LLC increased its position in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Price Performance

NASDAQ EA traded down $1.33 on Thursday, reaching $162.59. 2,600,024 shares of the stock traded hands, compared to its average volume of 2,040,278. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The company has a market cap of $42.64 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 2.18 and a beta of 0.79. The firm's fifty day simple moving average is $155.72 and its 200 day simple moving average is $147.22. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. Electronic Arts's payout ratio is currently 19.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EA shares. JPMorgan Chase & Co. dropped their price target on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. BMO Capital Markets restated an "outperform" rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Wedbush reiterated an "outperform" rating and set a $170.00 price target on shares of Electronic Arts in a research note on Friday, October 25th. StockNews.com upgraded Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Finally, Argus raised their target price on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Eight investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares in the company, valued at $7,675,950.50. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $3,086,270 over the last ninety days. Insiders own 0.22% of the company's stock.

Electronic Arts 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.