Acropolis Investment Management LLC Has $1.17 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Acropolis Investment Management LLC cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,102 shares of the game software company’s stock after selling 167 shares during the period. Acropolis Investment Management LLC’s holdings in Electronic Arts were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Putney Financial Group LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $37,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

EA stock opened at $148.48 on Monday. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 3.58 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company’s fifty day simple moving average is $146.88 and its 200 day simple moving average is $143.01.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s payout ratio is 17.92%.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research analyst reports. Robert W. Baird set a $168.00 target price on shares of Electronic Arts in a report on Wednesday, May 7th. Oppenheimer increased their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Roth Capital reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, May 7th. Citigroup reiterated a “neutral” rating and set a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $161.88.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares of the company’s stock, valued at approximately $6,252,202.73. The trade was a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at approximately $4,647,637.50. This trade represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,729 shares of company stock worth $4,107,664 over the last quarter. Company insiders own 0.22% of the company’s stock.

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.