Whittier Trust Co. of Nevada Inc. raised its stake in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,091 shares of the game software company’s stock after purchasing an additional 309 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Electronic Arts were worth $255,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Northern Oak Wealth Management Inc. purchased a new position in Electronic Arts in the second quarter valued at about $25,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Electronic Arts during the third quarter worth about $29,000. MCF Advisors LLC increased its position in shares of Electronic Arts by 2,500.0% during the third quarter. MCF Advisors LLC now owns 260 shares of the game software company’s stock worth $30,000 after acquiring an additional 250 shares during the last quarter. Neo Ivy Capital Management increased its position in shares of Electronic Arts by 70.1% during the second quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock worth $31,000 after acquiring an additional 108 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Electronic Arts during the third quarter worth about $32,000. 89.46% of the stock is owned by hedge funds and other institutional investors.
Electronic Arts Price Performance
EA opened at $125.16 on Friday. The company has a fifty day moving average price of $115.19 and a two-hundred day moving average price of $121.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 1.23. Electronic Arts Inc. has a 52 week low of $108.53 and a 52 week high of $142.79. The firm has a market capitalization of $34.55 billion, a PE ratio of 33.74, a P/E/G ratio of 8.36 and a beta of 0.87.
Electronic Arts Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 1st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.61%. Electronic Arts’s dividend payout ratio is 20.49%.
Insider Transactions at Electronic Arts
In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Monday, January 30th. The shares were sold at an average price of $129.00, for a total transaction of $645,000.00. Following the transaction, the chief executive officer now directly owns 80,274 shares of the company’s stock, valued at $10,355,346. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Laura Miele sold 1,500 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $120.14, for a total value of $180,210.00. Following the sale, the chief operating officer now directly owns 26,770 shares of the company’s stock, valued at approximately $3,216,147.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $129.00, for a total transaction of $645,000.00. Following the completion of the sale, the chief executive officer now directly owns 80,274 shares in the company, valued at $10,355,346. The disclosure for this sale can be found here. Insiders have sold a total of 13,940 shares of company stock valued at $1,715,546 over the last three months. 0.37% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on EA shares. Cowen decreased their price target on Electronic Arts from $158.00 to $136.00 and set an “outperform” rating for the company in a research note on Wednesday, February 1st. Roth Capital cut their price target on Electronic Arts from $131.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, February 1st. Citigroup cut their price target on Electronic Arts from $147.00 to $131.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft cut Electronic Arts from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Thursday, February 16th. Finally, Truist Financial cut their price target on Electronic Arts from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 1st. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.54.
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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.
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