Mutual of America Capital Management LLC Sells 1,494 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mutual of America Capital Management LLC lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 38,689 shares of the game software company’s stock after selling 1,494 shares during the period. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $5,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. grew its holdings in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Electronic Arts in the 4th quarter valued at $32,000. Larson Financial Group LLC grew its holdings in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after buying an additional 350 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the transaction, the executive vice president now directly owns 24,886 shares in the company, valued at $3,888,935.22. This trade represents a 5.68 % 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 dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $129.23 on Tuesday. The stock’s 50-day simple moving average is $134.72 and its 200 day simple moving average is $145.59. The firm has a market capitalization of $33.68 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Bank of America upped their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Robert W. Baird decreased their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Argus upped their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Monday, January 27th. Finally, StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $154.78.

Electronic Arts Company 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.