XTX Topco Ltd Sells 9,915 Shares of Electronic Arts Inc. (NASDAQ:EA)

XTX Topco Ltd lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 84.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,780 shares of the game software company's stock after selling 9,915 shares during the quarter. XTX Topco Ltd's holdings in Electronic Arts were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in EA. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the 3rd quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at approximately $33,000. Reston Wealth Management LLC bought a new position in Electronic Arts during the third quarter worth $36,000. Bruce G. Allen Investments LLC boosted its holdings in Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after purchasing an additional 70 shares during the period. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the transaction, the executive vice president now owns 24,886 shares in the company, valued at approximately $3,888,935.22. This represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares of the company's stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $3,100,805 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wedbush restated an "outperform" rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. UBS Group upped their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. DZ Bank upgraded Electronic Arts from a "hold" rating to a "buy" rating and raised their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Electronic Arts Trading Down 1.4 %

Electronic Arts stock traded down $2.03 during midday trading on Thursday, reaching $147.89. The stock had a trading volume of 2,413,018 shares, compared to its average volume of 2,062,955. The firm's fifty day simple moving average is $156.76 and its two-hundred day simple moving average is $147.94. 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 twelve month low of $124.92 and a twelve month high of $168.50. The firm has a market cap of $38.79 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.14 and a beta of 0.79.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts's dividend payout ratio is presently 19.54%.

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.