Moody National Bank Trust Division Has $755,000 Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Moody National Bank Trust Division lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 10.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,163 shares of the game software company’s stock after selling 576 shares during the period. Moody National Bank Trust Division’s holdings in Electronic Arts were worth $755,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. D. E. Shaw & Co. Inc. grew its holdings in shares of Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after purchasing an additional 420,382 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Electronic Arts by 29.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after buying an additional 354,005 shares during the period. abrdn plc raised its position in shares of Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after buying an additional 319,335 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Electronic Arts by 8,503.9% during the 3rd 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 acquiring an additional 314,388 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $40,154,000. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Wedbush reiterated an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price target 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. Eight investment 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. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Price Performance

Electronic Arts stock opened at $141.75 on Wednesday. The stock’s 50 day moving average is $156.67 and its 200 day moving average is $149.10. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $168.50. The firm has a market cap of $37.18 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend 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%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares in the company, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,422,485 over the last three months. 0.22% of the stock is owned by company insiders.

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.