Ontario Teachers Pension Plan Board Has $996,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

Ontario Teachers Pension Plan Board reduced its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 43.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,947 shares of the game software company's stock after selling 5,413 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Electronic Arts were worth $996,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EA. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts during the 3rd quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the second quarter worth $28,000. Family Firm Inc. acquired a new position in Electronic Arts during the second quarter worth $33,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts during the third quarter worth about $36,000. Finally, Gradient Investments LLC increased its holdings in shares of Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock worth $37,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 0.1 %

NASDAQ:EA traded up $0.24 during trading hours on Thursday, reaching $166.95. The company's stock had a trading volume of 291,493 shares, compared to its average volume of 2,047,655. The company has a market cap of $43.79 billion, a price-to-earnings ratio of 42.86, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $167.51. The business's 50-day moving average is $148.47 and its 200-day moving average is $143.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Dividend Announcement

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

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the sale, the executive vice president now owns 23,360 shares of the company's stock, valued at approximately $3,814,688. This trade represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at $8,448,493.36. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,384 shares of company stock valued at $3,944,285. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EA. DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and raised their price target for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. UBS Group increased their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Morgan Stanley reissued an "equal weight" rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. TD Cowen increased their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently 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.