Electronic Arts Inc. (NASDAQ:EA) Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 26.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,431 shares of the game software company's stock after selling 81,166 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Electronic Arts worth $33,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the third quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts in the second quarter valued at approximately $28,000. Family Firm Inc. acquired a new stake in Electronic Arts during the 2nd quarter worth approximately $33,000. New Covenant Trust Company N.A. purchased a new position in Electronic Arts in the 1st quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Electronic Arts in the third quarter worth $36,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Down 1.7 %

EA stock traded down $2.76 during midday trading on Friday, reaching $161.36. 2,036,594 shares of the company's stock traded hands, compared to its average volume of 1,966,724. The business has a 50-day moving average price of $147.17 and a two-hundred day moving average price of $142.55. 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 Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $164.42. The company has a market capitalization of $42.32 billion, a P/E ratio of 41.48, a PEG ratio of 2.11 and a beta of 0.78.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors 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 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts's payout ratio is 19.54%.

Analyst Ratings Changes

Several equities analysts recently commented on EA shares. DZ Bank raised Electronic Arts from a "hold" rating to a "buy" rating and increased their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Morgan Stanley reiterated an "equal weight" rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Robert W. Baird raised their target price on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $160.00 target price (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, Benchmark reissued a "buy" rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Electronic Arts has an average rating of "Moderate Buy" and a consensus target price of $165.37.

Insider Buying and Selling

In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the sale, the chief financial officer now directly owns 7,553 shares of the company's stock, valued at approximately $1,120,638.61. This represents a 14.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock valued at $3,886,282 in the last quarter. Company insiders own 0.22% of the company's stock.

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.