Thrivent Financial for Lutherans Has $5.04 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Thrivent Financial for Lutherans reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 45.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,297 shares of the game software company's stock after selling 28,189 shares during the quarter. Thrivent Financial for Lutherans' holdings in Electronic Arts were worth $5,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EA. Larson Financial Group LLC lifted its holdings in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Claro Advisors LLC raised its holdings in Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after acquiring an additional 75 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock valued at $708,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have issued reports on EA. Ascendiant Capital Markets raised their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Benchmark boosted their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a report on Monday. BNP Paribas downgraded shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Robert W. Baird lowered their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America upped their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $155.65.

Insider Buying and Selling

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the sale, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. The trade was a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,018,560 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

EA traded down $1.05 on Friday, hitting $144.25. 2,423,549 shares of the company's stock were exchanged, compared to its average volume of 2,539,895. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $133.00 and a two-hundred day moving average of $144.62. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The firm has a market cap of $37.59 billion, a PE ratio of 36.70, a P/E/G ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

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.