Empowered Funds LLC Has $783,000 Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Empowered Funds LLC trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 92.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,459 shares of the game software company’s stock after selling 68,865 shares during the quarter. Empowered Funds LLC’s holdings in Electronic Arts were worth $783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares during the last quarter. Benchmark Investment Advisors LLC bought a new position in Electronic Arts during the first quarter worth about $361,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Electronic Arts during the 1st quarter worth about $189,055,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Electronic Arts in the 1st quarter valued at about $25,445,000. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Electronic Arts by 4.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after acquiring an additional 97 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $166.67 on Friday. 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 stock has a 50 day moving average price of $149.36 and a 200 day moving average price of $143.84. The stock has a market capitalization of $43.71 billion, a PE ratio of 42.85, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is presently 19.54%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EA. Robert W. Baird boosted their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Argus raised their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Roth Mkm raised their price target on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.37.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,384 shares of company stock valued at $4,776,635. 0.22% of the stock is owned by corporate insiders.

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.