5,000 Shares in Electronic Arts Inc. $EA Purchased by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. acquired a new position in Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,000 shares of the game software company’s stock, valued at approximately $1,022,000.

Other large investors have also modified their holdings of the company. Ameriflex Group Inc. increased its position in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in Electronic Arts in the 4th quarter valued at approximately $44,000. Salomon & Ludwin LLC increased its position in Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after acquiring an additional 57 shares during the period. Asset Dedication LLC increased its position in Electronic Arts by 333.3% in the 3rd quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock valued at $52,000 after acquiring an additional 200 shares during the period. Finally, Washington Trust Advisors Inc. increased its position in Electronic Arts by 32.7% in the 3rd quarter. Washington Trust Advisors Inc. now owns 284 shares of the game software company’s stock valued at $57,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Citigroup raised their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Stock Down 0.1%

Shares of EA stock opened at $203.05 on Friday. Electronic Arts Inc. has a 1 year low of $146.97 and a 1 year high of $204.88. The stock has a market cap of $50.91 billion, a PE ratio of 58.18, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. The business’s fifty day moving average is $202.24 and its 200-day moving average is $202.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,066 shares of Electronic Arts stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the transaction, the chief executive officer owned 85,974 shares of the company’s stock, valued at $17,337,516.84. The trade was a 5.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the transaction, the chief financial officer directly owned 25,991 shares in the company, valued at $5,233,547.76. This represents a 5.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 39,906 shares of company stock valued at $8,032,336 in the last quarter. Company insiders own 0.24% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.