Corient Private Wealth LLC Buys 19,206 Shares of Electronic Arts Inc. $EA

Corient Private Wealth LLC grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 73.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,435 shares of the game software company’s stock after buying an additional 19,206 shares during the quarter. Corient Private Wealth LLC’s holdings in Electronic Arts were worth $9,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Electronic Arts by 2.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after buying an additional 50 shares during the period. Salomon & Ludwin LLC boosted its position in Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after buying an additional 57 shares during the period. Macroview Investment Management LLC grew its holdings in Electronic Arts by 6.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after acquiring an additional 62 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Electronic Arts by 2.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the game software company’s stock valued at $506,000 after acquiring an additional 68 shares during the period. Finally, 44 Wealth Management LLC increased its position in shares of Electronic Arts by 0.9% in the third quarter. 44 Wealth Management LLC now owns 7,555 shares of the game software company’s stock valued at $1,524,000 after acquiring an additional 68 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the transaction, the executive vice president owned 42,287 shares of the company’s stock, valued at approximately $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the sale, the chief financial officer directly owned 25,991 shares in the company, valued at approximately $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 39,906 shares of company stock valued at $8,060,033 in the last quarter. 0.24% of the stock is owned by insiders.

Electronic Arts Price Performance

EA opened at $204.52 on Thursday. The stock has a fifty day simple moving average of $202.19 and a two-hundred day simple moving average of $202.40. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a market cap of $51.28 billion, a price-to-earnings ratio of 58.60, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. Electronic Arts Inc. has a 12-month low of $146.97 and a 12-month high of $204.89.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EA shares. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $196.64.

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.