XTX Topco Ltd Reduces Holdings in Electronic Arts Inc. (NASDAQ:EA)

XTX Topco Ltd lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 84.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,780 shares of the game software company’s stock after selling 9,915 shares during the quarter. XTX Topco Ltd’s holdings in Electronic Arts were worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts in the 3rd quarter valued at $25,000. Family Firm Inc. purchased a new stake in shares of Electronic Arts during the second quarter valued at $33,000. Reston Wealth Management LLC bought a new position in shares of Electronic Arts in the third quarter worth about $36,000. Bruce G. Allen Investments LLC increased its stake in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after buying an additional 166 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $149.92 on Thursday. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The stock has a fifty day moving average price of $156.64 and a 200-day moving average price of $147.94. 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 firm has a market cap of $39.32 billion, a PE ratio of 38.54, a P/E/G ratio of 2.14 and a beta of 0.79.

Electronic Arts Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the transaction, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at $7,675,950.50. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the sale, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $3,100,805. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus increased 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. Robert W. Baird lifted their target price on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Finally, 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. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts 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.