Exchange Traded Concepts LLC Sells 12,619 Shares of Electronic Arts Inc. $EA

Exchange Traded Concepts LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 26.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,906 shares of the game software company’s stock after selling 12,619 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Electronic Arts were worth $7,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its stake in shares of Electronic Arts by 13.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,245 shares of the game software company’s stock worth $254,000 after acquiring an additional 148 shares in the last quarter. Dakota Wealth Management purchased a new stake in shares of Electronic Arts in the 4th quarter valued at $269,000. Global X Japan Co. Ltd. grew its holdings in shares of Electronic Arts by 330.1% during the 4th quarter. Global X Japan Co. Ltd. now owns 7,605 shares of the game software company’s stock valued at $1,554,000 after purchasing an additional 5,837 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Electronic Arts by 25.7% during the 4th quarter. Mather Group LLC. now owns 1,307 shares of the game software company’s stock valued at $267,000 after purchasing an additional 267 shares during the last quarter. Finally, Norden Group LLC raised its position in Electronic Arts by 10.4% in the 4th quarter. Norden Group LLC now owns 1,735 shares of the game software company’s stock worth $355,000 after purchasing an additional 163 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 business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $499,875.00. Following the transaction, the insider owned 45,843 shares in the company, valued at approximately $9,166,307.85. The trade was a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.69, for a total transaction of $239,628.00. Following the transaction, the insider directly owned 29,960 shares of the company’s stock, valued at approximately $5,982,712.40. This trade represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,600 shares of company stock worth $5,553,319 in the last quarter. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $202.01 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. Electronic Arts Inc. has a fifty-two week low of $131.15 and a fifty-two week high of $204.88. The firm has a market cap of $50.55 billion, a PE ratio of 75.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.75. The business has a 50 day moving average price of $201.30 and a 200-day moving average price of $199.49.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EA. Citigroup lowered their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $188.30.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.