Sherbrooke Park Advisers LLC Purchases Shares of 1,973 Electronic Arts Inc. (NASDAQ:EA)

Sherbrooke Park Advisers LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,973 shares of the game software company’s stock, valued at approximately $289,000.

Other large investors have also added to or reduced their stakes in the company. Intrust Bank NA grew its stake in shares of Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after purchasing an additional 81 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Electronic Arts by 5.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock worth $249,000 after purchasing an additional 90 shares during the last quarter. Finally, CX Institutional grew its stake in shares of Electronic Arts by 3.9% in the fourth quarter. CX Institutional now owns 2,422 shares of the game software company’s stock worth $354,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 32,615 shares of the company’s stock, valued at $4,647,637.50. This represents a 13.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now directly owns 9,516 shares of the company’s stock, valued at $1,238,126.76. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,500 shares of company stock valued at $3,342,580. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the topic of several research reports. Moffett Nathanson reaffirmed a “neutral” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. Oppenheimer lifted their price objective on Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Citigroup cut their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $161.29.

Electronic Arts Trading Down 0.7%

Shares of EA stock opened at $150.48 on Tuesday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm has a fifty day moving average price of $144.79 and a 200-day moving average price of $144.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $37.74 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

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. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s dividend payout ratio is currently 17.92%.

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.