Mutual of America Capital Management LLC Has $4.18 Million Position in Electronic Arts Inc. $EA

Mutual of America Capital Management LLC lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,166 shares of the game software company’s stock after selling 1,409 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $4,179,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EA. Norden Group LLC acquired a new stake in shares of Electronic Arts in the 2nd quarter valued at about $214,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at about $319,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Electronic Arts by 34.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after acquiring an additional 10,453 shares during the last quarter. Vest Financial LLC increased its position in shares of Electronic Arts by 5.7% in the second quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock valued at $44,408,000 after acquiring an additional 15,032 shares during the last quarter. Finally, CCM Investment Group LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth approximately $1,625,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of several recent analyst reports. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Robert W. Baird restated a “neutral” rating and set a $210.00 target price (up from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Wedbush restated a “neutral” rating and set a $200.00 price objective on shares of Electronic Arts in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $179.38.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the transaction, the chief financial officer owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This represents a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the completion of the transaction, the insider directly owned 58,092 shares in the company, valued at $9,032,725.08. The trade was a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,900 shares of company stock valued at $7,748,187 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

NASDAQ:EA opened at $200.75 on Thursday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The company has a market cap of $50.23 billion, a P/E ratio of 50.31, a P/E/G ratio of 3.04 and a beta of 0.77. The firm’s fifty day moving average price is $182.29 and its two-hundred day moving average price is $161.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 19.05%.

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.