Private Trust Co. NA Lowers Position in Electronic Arts Inc. $EA

Private Trust Co. NA cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 19.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,525 shares of the game software company’s stock after selling 607 shares during the period. Private Trust Co. NA’s holdings in Electronic Arts were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Nordea Investment Management AB lifted its position in Electronic Arts by 12.2% during the second quarter. Nordea Investment Management AB now owns 171,833 shares of the game software company’s stock valued at $27,033,000 after purchasing an additional 18,725 shares in the last quarter. Praxis Investment Management Inc. lifted its position in Electronic Arts by 7.4% during the second quarter. Praxis Investment Management Inc. now owns 7,995 shares of the game software company’s stock valued at $1,277,000 after purchasing an additional 550 shares in the last quarter. Copia Wealth Management purchased a new position in Electronic Arts during the second quarter valued at $44,000. Rosenberg Matthew Hamilton lifted its position in Electronic Arts by 18.9% during the second quarter. Rosenberg Matthew Hamilton now owns 1,333 shares of the game software company’s stock valued at $213,000 after purchasing an additional 212 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its position in Electronic Arts by 353.5% during the second quarter. Generali Asset Management SPA SGR now owns 33,016 shares of the game software company’s stock valued at $5,273,000 after purchasing an additional 25,736 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EA has been the topic of several analyst reports. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the company from $185.00 to $210.00 in a research report on Thursday, October 2nd. Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and lifted their target price for the company from $200.00 to $210.00 in a research note on Tuesday, September 30th. Wall Street Zen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Hsbc Global Res lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an “equal weight” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $177.00.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00. Following the completion of the transaction, the insider owned 58,092 shares in the company, valued at $9,032,725.08. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $244,080.00. Following the transaction, the insider owned 33,531 shares of the company’s stock, valued at $6,820,205.40. This represents a 3.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock worth $6,745,437 over the last three months. 0.24% of the stock is owned by company insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $200.30 on Monday. The stock has a market capitalization of $50.12 billion, a PE ratio of 50.20, a P/E/G 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 $160.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75.

Electronic Arts Announces Dividend

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

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.