Integrated Wealth Concepts LLC Has $407,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

Integrated Wealth Concepts LLC cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 59.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,836 shares of the game software company’s stock after selling 4,132 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Electronic Arts were worth $407,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in Electronic Arts during the third quarter worth about $25,000. Family Firm Inc. acquired a new position in Electronic Arts during the 2nd quarter worth approximately $33,000. Reston Wealth Management LLC bought a new position in Electronic Arts in the 3rd quarter valued at approximately $36,000. Gradient Investments LLC boosted its position in Electronic Arts by 592.1% in the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after buying an additional 225 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Electronic Arts by 156.6% during the third 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 last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $163.92 on Thursday. 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’s 50-day moving average price is $155.28 and its 200-day moving average price is $147.11. The firm has a market capitalization of $42.99 billion, a P/E ratio of 42.14, a P/E/G ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The company 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 dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. Electronic Arts’s dividend payout ratio is 19.54%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EA. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets reiterated an “outperform” rating and set a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Benchmark restated a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, UBS Group boosted their price objective 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. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the transaction, the executive vice president now directly owns 26,360 shares in the company, valued at approximately $3,863,848.80. This trade represents a 5.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $353,750.00. Following the completion of the sale, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock valued at $3,086,270 over the last ninety days. 0.22% of the stock is owned by company insiders.

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.