DRW Securities LLC Sells 7,038 Shares of Electronic Arts Inc. (NASDAQ:EA)

DRW Securities LLC trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 46.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,120 shares of the game software company’s stock after selling 7,038 shares during the period. DRW Securities LLC’s holdings in Electronic Arts were worth $1,165,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts in the third quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the second quarter valued at approximately $28,000. Family Firm Inc. bought a new position in Electronic Arts during the second quarter valued at approximately $33,000. Reston Wealth Management LLC bought a new position in Electronic Arts during the third quarter valued at approximately $36,000. Finally, Gradient Investments LLC grew its position in Electronic Arts by 592.1% during the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after acquiring an additional 225 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 29,190 shares of the company’s stock, valued at $4,181,175.60. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,884 shares of company stock valued at $4,404,435. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EA has been the topic of a number of recent research reports. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Robert W. Baird increased their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Argus increased their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. TD Cowen increased their price objective on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $164.14 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $43.05 billion, a P/E ratio of 42.20, a P/E/G ratio of 2.18 and a beta of 0.78. The business has a fifty day simple moving average of $149.71 and a two-hundred day simple moving average of $144.23. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.