Mendota Financial Group LLC Decreases Position in Electronic Arts Inc. (NASDAQ:EA)

Mendota Financial Group LLC trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 46.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221 shares of the game software company’s stock after selling 192 shares during the period. Mendota Financial Group LLC’s holdings in Electronic Arts were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC increased its stake in shares of 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 buying an additional 70 shares during the period. Claro Advisors LLC grew 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 worth $334,000 after acquiring an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares during the period. Shepherd Financial Partners LLC raised its stake in shares of Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after acquiring an additional 88 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after purchasing an additional 95 shares during the period. 90.23% of the stock is owned by institutional investors.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the transaction, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. The trade was a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares in the company, valued at approximately $7,548,334.89. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,422,485 in the last quarter. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Performance

Electronic Arts stock opened at $141.75 on Wednesday. The stock’s 50 day moving average is $156.67 and its 200 day moving average is $149.10. The company has a market capitalization of $37.18 billion, a P/E ratio of 36.44, a PEG ratio of 2.06 and a beta of 0.80. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts’s payout ratio is presently 19.54%.

Analyst Ratings Changes

EA has been the topic of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Stifel Nicolaus reissued a “hold” rating and set a $167.00 target price on shares of Electronic Arts in a research note on Wednesday, December 18th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Wedbush reiterated an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a report on Friday, October 25th. Finally, Roth Mkm upped their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

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.