Electronic Arts Inc. $EA Shares Purchased by Sittner & Nelson LLC

Sittner & Nelson LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 256.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,310 shares of the game software company’s stock after buying an additional 3,100 shares during the period. Sittner & Nelson LLC’s holdings in Electronic Arts were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Pentwater Capital Management LP purchased a new position in shares of Electronic Arts during the 3rd quarter valued at approximately $968,160,000. Norges Bank acquired a new position in shares of Electronic Arts in the 4th quarter valued at $643,674,000. Ameriprise Financial Inc. boosted its holdings in Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after buying an additional 1,300,336 shares in the last quarter. Man Group plc boosted its holdings in Electronic Arts by 165.5% during the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after buying an additional 797,461 shares in the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in Electronic Arts during the third quarter valued at $156,760,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,066 shares of Electronic Arts stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the sale, the chief executive officer directly owned 85,974 shares in the company, valued at approximately $17,337,516.84. The trade was a 5.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 39,906 shares of company stock valued at $8,032,336. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $202.63 on Thursday. The company has a fifty day moving average of $202.16 and a two-hundred day moving average of $202.27. Electronic Arts Inc. has a fifty-two week low of $145.54 and a fifty-two week high of $204.88. The stock has a market capitalization of $50.81 billion, a PE ratio of 58.06, a P/E/G ratio of 2.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is 21.78%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EA shares. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Citigroup lifted their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.