Sequoia Financial Advisors LLC Boosts Stock Position in Electronic Arts Inc. $EA

Sequoia Financial Advisors LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 27.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,352 shares of the game software company’s stock after purchasing an additional 3,120 shares during the period. Sequoia Financial Advisors LLC’s holdings in Electronic Arts were worth $2,933,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after acquiring an additional 294 shares during the last quarter. Empowered Funds LLC increased its position in shares of Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after purchasing an additional 12,076 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after purchasing an additional 190 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Electronic Arts in the 2nd quarter valued at about $2,323,000. Finally, NewEdge Advisors LLC lifted its position in shares of Electronic Arts by 96.4% during the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after purchasing an additional 1,505 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $200.44 on Friday. The company has a market cap of $50.16 billion, a PE ratio of 57.43, a P/E/G ratio of 2.16 and a beta of 0.66. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88. The firm has a 50-day simple moving average of $201.87 and a 200 day simple moving average of $202.21. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is 21.78%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. Finally, Citigroup lifted their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $196.64.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total transaction of $508,025.00. Following the completion of the transaction, the insider directly owned 43,343 shares in the company, valued at $8,807,731.03. This represents a 5.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total transaction of $243,900.00. Following the transaction, the insider owned 28,760 shares of the company’s stock, valued at $5,845,470. This represents a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,600 shares of company stock valued at $5,544,159 over the last quarter. Company insiders own 0.24% of the company’s stock.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.