Kingswood Wealth Advisors LLC Sells 127 Shares of Electronic Arts Inc. $EA

Kingswood Wealth Advisors LLC reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,215 shares of the game software company’s stock after selling 127 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Electronic Arts were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts during the first quarter worth about $28,000. Bank of Jackson Hole Trust grew its holdings in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Electronic Arts during the first quarter worth about $39,000. Costello Asset Management INC bought a new stake in shares of Electronic Arts during the first quarter worth about $40,000. Finally, ORG Partners LLC grew its holdings in shares of Electronic Arts by 47.6% during the second quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock worth $40,000 after purchasing an additional 81 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Electronic Arts stock opened at $200.01 on Friday. The stock has a market capitalization of $50.05 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50 day moving average price is $177.15 and its two-hundred day moving average price is $158.51.

Electronic Arts Announces Dividend

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

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 6,500 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the transaction, the chief financial officer owned 5,140 shares in the company, valued at $1,045,476. The trade was a 55.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer owned 52,393 shares in the company, valued at $8,961,822.65. The trade was a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock worth $7,247,635 over the last quarter. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EA. Hsbc Global Res cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. DA Davidson upped their target price on Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, August 11th. Argus upped their target price on Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday. Finally, DZ Bank cut Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.