Nisa Investment Advisors LLC Has $16.35 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Nisa Investment Advisors LLC cut its position in Electronic Arts Inc. (NASDAQ:EA) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,742 shares of the game software company’s stock after selling 2,167 shares during the period. Nisa Investment Advisors LLC’s holdings in Electronic Arts were worth $16,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its holdings in shares of Electronic Arts by 43.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after buying an additional 420,382 shares during the last quarter. abrdn plc increased its holdings in Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after purchasing an additional 319,335 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after purchasing an additional 314,388 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Electronic Arts in the third quarter valued at approximately $40,154,000. Finally, Huntington National Bank grew its holdings in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after buying an additional 234,098 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the sale, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the transaction, the chief executive officer now owns 51,747 shares of the company’s stock, valued at approximately $7,548,334.89. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,500 shares of company stock worth $4,351,060. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Down 0.6 %

EA opened at $142.35 on Thursday. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The company has a market cap of $37.33 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $154.24 and a 200 day moving average of $149.20.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. UBS Group upped their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer dropped their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday. Roth Mkm upped their target price on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Eight equities research 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 stock. According to MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $164.68.

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.