Impact Investors Inc Buys 512 Shares of Electronic Arts Inc. $EA

Impact Investors Inc lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,306 shares of the game software company’s stock after purchasing an additional 512 shares during the period. Electronic Arts accounts for 1.1% of Impact Investors Inc’s holdings, making the stock its 25th biggest holding. Impact Investors Inc’s holdings in Electronic Arts were worth $1,486,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 0.5% during the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after purchasing an additional 150,438 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Electronic Arts by 4.6% during the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after purchasing an additional 193,442 shares during the period. Independent Franchise Partners LLP lifted its holdings in shares of Electronic Arts by 2.3% during the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after purchasing an additional 88,767 shares during the period. Invesco Ltd. lifted its holdings in shares of Electronic Arts by 15.6% during the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after purchasing an additional 504,760 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after purchasing an additional 1,254,194 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the completion of the sale, the executive vice president directly owned 26,080 shares of the company’s stock, valued at approximately $4,473,241.60. This represents a 4.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $172.79, for a total transaction of $863,950.00. Following the completion of the sale, the chief executive officer directly owned 47,393 shares of the company’s stock, valued at $8,189,036.47. The trade was a 9.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,000 shares of company stock worth $7,247,635 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Trading Down 0.2%

NASDAQ:EA opened at $200.69 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50-day moving average of $172.45 and a 200-day moving average of $156.57. The company has a market cap of $50.21 billion, a PE ratio of 50.30, a PEG ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is presently 19.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DZ Bank lowered shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Cowen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird restated a “neutral” rating and issued a $210.00 target price (up previously from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Citigroup restated a “neutral” rating on shares of Electronic Arts in a report on Friday, September 26th. Finally, Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $177.00.

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.