17,044 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Sender Co & Partners Inc.

Sender Co & Partners Inc. purchased a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,044 shares of the game software company's stock, valued at approximately $2,445,000. Electronic Arts makes up 3.0% of Sender Co & Partners Inc.'s portfolio, making the stock its 5th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Prestige Wealth Management Group LLC boosted its stake in Electronic Arts by 11.4% during the third quarter. Prestige Wealth Management Group LLC now owns 4,110 shares of the game software company's stock worth $590,000 after buying an additional 419 shares during the period. Executive Wealth Management LLC purchased a new position in shares of Electronic Arts during the 3rd quarter worth about $2,616,000. Nomura Asset Management Co. Ltd. grew its holdings in Electronic Arts by 5.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company's stock valued at $12,078,000 after purchasing an additional 4,702 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Electronic Arts in the 3rd quarter worth about $1,709,000. Finally, MML Investors Services LLC raised its position in Electronic Arts by 2.4% in the 3rd quarter. MML Investors Services LLC now owns 10,437 shares of the game software company's stock worth $1,497,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Activity

In other Electronic Arts 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 transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now owns 29,190 shares in the company, valued at approximately $4,181,175.60. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $3,086,270 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

NASDAQ EA traded up $0.25 on Tuesday, hitting $165.86. The company had a trading volume of 491,506 shares, compared to its average volume of 2,029,897. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company's fifty day moving average price is $154.41 and its 200-day moving average price is $146.78. The company has a market capitalization of $43.50 billion, a PE ratio of 42.57, a PEG ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 yield of 0.46%. Electronic Arts's payout ratio is 19.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EA shares. Argus lifted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Morgan Stanley reiterated an "equal weight" rating and issued a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Benchmark restated a "buy" rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Roth Mkm upped their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. 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 equities research 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $165.37.

About Electronic Arts

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.