Nicola Wealth Management LTD. Reduces Holdings in Electronic Arts Inc. (NASDAQ:EA)

Nicola Wealth Management LTD. cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,400 shares of the game software company's stock after selling 15,000 shares during the quarter. Electronic Arts makes up 1.9% of Nicola Wealth Management LTD.'s portfolio, making the stock its 18th largest position. Nicola Wealth Management LTD. owned about 0.06% of Electronic Arts worth $21,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC increased its stake in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after purchasing an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company's stock worth $394,000 after purchasing an additional 79 shares during the last quarter. Shepherd Financial Partners LLC increased its stake in shares of Electronic Arts by 1.6% during the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company's stock worth $816,000 after purchasing an additional 88 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Electronic Arts by 23.5% during the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company's stock worth $69,000 after purchasing an additional 94 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company's stock worth $904,000 after purchasing an additional 95 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 7,384 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company's stock, valued at approximately $4,675,692.90. This represents a 19.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares of the company's stock, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,144 shares of company stock worth $3,886,282 over the last three months. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Up 0.9 %

Electronic Arts stock traded up $1.40 during midday trading on Thursday, hitting $164.12. 1,625,354 shares of the stock were exchanged, compared to its average volume of 2,055,608. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $164.42. The stock has a market capitalization of $43.04 billion, a price-to-earnings ratio of 42.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. The business's 50-day moving average price is $146.83 and its 200-day moving average price is $142.21. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts's payout ratio is 19.54%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. BMO Capital Markets reiterated an "outperform" rating and issued a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Stifel Nicolaus upped their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Robert W. Baird increased their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Finally, Benchmark restated a "buy" rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

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.