Janney Montgomery Scott LLC Reduces Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Janney Montgomery Scott LLC lowered its holdings in Electronic Arts Inc. (NASDAQ:EAGet Rating) by 19.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,511 shares of the game software company’s stock after selling 2,112 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Electronic Arts were worth $1,041,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EA. Ieq Capital LLC increased its holdings in shares of Electronic Arts by 31.5% during the 1st quarter. Ieq Capital LLC now owns 3,247 shares of the game software company’s stock valued at $411,000 after purchasing an additional 778 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Electronic Arts by 21.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 8,289 shares of the game software company’s stock valued at $1,049,000 after buying an additional 1,476 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of Electronic Arts by 56.6% in the first quarter. Kestra Advisory Services LLC now owns 6,472 shares of the game software company’s stock worth $819,000 after acquiring an additional 2,339 shares during the period. Advisor Partners LLC boosted its stake in shares of Electronic Arts by 16.9% during the 1st quarter. Advisor Partners LLC now owns 10,405 shares of the game software company’s stock worth $1,316,000 after acquiring an additional 1,506 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in shares of Electronic Arts by 5.0% during the 1st quarter. New York State Teachers Retirement System now owns 335,763 shares of the game software company’s stock valued at $42,477,000 after acquiring an additional 16,094 shares during the period. Hedge funds and other institutional investors own 90.65% of the company’s stock.

Electronic Arts Stock Up 2.0 %

EA opened at $132.42 on Tuesday. Electronic Arts Inc. has a 12 month low of $109.24 and a 12 month high of $146.59. The stock’s 50 day moving average price is $123.55 and its 200 day moving average price is $126.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.34 and a quick ratio of 1.24. The stock has a market cap of $36.82 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.09 and a beta of 0.85.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, November 30th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.57%. Electronic Arts’s dividend payout ratio is currently 23.68%.

Insider Buying and Selling

In other news, COO Laura Miele sold 1,500 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $126.29, for a total transaction of $189,435.00. Following the completion of the sale, the chief operating officer now owns 29,200 shares in the company, valued at approximately $3,687,668. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Electronic Arts news, COO Laura Miele sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $126.29, for a total transaction of $189,435.00. Following the sale, the chief operating officer now owns 29,200 shares in the company, valued at approximately $3,687,668. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $126.29, for a total transaction of $101,032.00. Following the sale, the insider now directly owns 25,314 shares of the company’s stock, valued at $3,196,905.06. The disclosure for this sale can be found here. Insiders have sold 65,432 shares of company stock worth $8,434,946 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EA has been the topic of a number of recent analyst reports. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 2nd. Stifel Nicolaus dropped their price target on shares of Electronic Arts from $153.00 to $144.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. Barclays upped their price objective on shares of Electronic Arts from $114.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 19th. MKM Partners cut Electronic Arts from a “buy” rating to a “neutral” rating and set a $131.00 price objective on the stock. in a report on Wednesday, September 7th. Finally, Credit Suisse Group lowered their target price on shares of Electronic Arts from $144.00 to $143.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $148.76.

Electronic Arts Profile

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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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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