Cwm LLC Purchases 3,549 Shares of Electronic Arts Inc. $EA

Cwm LLC raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 37.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,148 shares of the game software company’s stock after purchasing an additional 3,549 shares during the quarter. Cwm LLC’s holdings in Electronic Arts were worth $2,100,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock valued at $323,000 after purchasing an additional 72 shares during the period. Bank of Jackson Hole Trust grew its stake in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Electronic Arts by 13.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock valued at $102,000 after acquiring an additional 76 shares during the period. Conning Inc. grew its stake in shares of Electronic Arts by 4.7% during the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company’s stock valued at $253,000 after acquiring an additional 78 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Electronic Arts by 7.8% during the 1st quarter. Rosenberg Matthew Hamilton now owns 1,121 shares of the game software company’s stock valued at $162,000 after acquiring an additional 81 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EA. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $185.00 to $210.00 in a research note on Thursday, October 2nd. DZ Bank downgraded Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. HSBC downgraded Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective for the company. in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Finally, Argus upped their price target on Electronic Arts from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $177.00.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total transaction of $863,950.00. Following the sale, the chief executive officer directly owned 47,393 shares of the company’s stock, valued at $8,189,036.47. This represents a 9.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the sale, the chief financial officer directly owned 5,140 shares in the company, valued at $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,900 shares of company stock worth $7,506,487. Company insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 0.0%

EA stock opened at $200.30 on Friday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75. 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 company has a market capitalization of $50.12 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 3.04 and a beta of 0.77. The business has a 50 day simple moving average of $180.90 and a two-hundred day simple moving average of $160.53.

Electronic Arts Announces Dividend

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

About Electronic Arts

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.