Ridgewood Investments LLC Sells 536 Shares of Electronic Arts Inc. (NASDAQ:EA)

Ridgewood Investments LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 44.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 660 shares of the game software company’s stock after selling 536 shares during the quarter. Ridgewood Investments LLC’s holdings in Electronic Arts were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new stake in Electronic Arts during the fourth quarter worth about $494,000. Pensionfund Sabic lifted its position in shares of Electronic Arts by 36.6% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the game software company’s stock worth $1,639,000 after purchasing an additional 3,000 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Electronic Arts by 6.0% during the fourth quarter. Nordea Investment Management AB now owns 169,083 shares of the game software company’s stock worth $24,845,000 after purchasing an additional 9,580 shares in the last quarter. Everence Capital Management Inc. lifted its position in shares of Electronic Arts by 7.4% during the fourth quarter. Everence Capital Management Inc. now owns 8,265 shares of the game software company’s stock worth $1,209,000 after purchasing an additional 570 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Electronic Arts by 25.1% during the fourth quarter. GAMMA Investing LLC now owns 5,727 shares of the game software company’s stock worth $838,000 after purchasing an additional 1,150 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EA has been the topic of several analyst reports. Argus increased their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Roth Mkm increased their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $165.37.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the sale, the insider now directly owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,639,565 in the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $140.85 on Friday. The company has a market capitalization of $36.94 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company has a 50-day simple moving average of $157.09 and a 200 day simple moving average of $148.96. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.