276 Shares in Electronic Arts Inc. $EA Purchased by Copia Wealth Management

Copia Wealth Management acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 276 shares of the game software company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its position 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 worth $323,000 after purchasing an additional 72 shares during the last quarter. Bank of Jackson Hole Trust increased its position 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 worth $30,000 after purchasing an additional 75 shares during the last quarter. Financial Management Professionals Inc. increased its position 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 worth $102,000 after purchasing an additional 76 shares during the last quarter. Clarius Group LLC increased its position in shares of Electronic Arts by 3.6% during the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company’s stock worth $319,000 after purchasing an additional 77 shares during the last quarter. Finally, Conning Inc. increased its position 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 worth $253,000 after purchasing an additional 78 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EA shares. Arete raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a research report on Tuesday, August 5th. TD Cowen downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Wedbush reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Electronic Arts in a research report on Monday, September 29th. DZ Bank downgraded Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, DA Davidson lifted their target price on Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $177.00.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 6,500 shares of the business’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 transaction of $1,322,100.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $174.65, for a total value of $209,580.00. Following the sale, the executive vice president owned 27,248 shares of the company’s stock, valued at approximately $4,758,863.20. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,500 shares of company stock valued at $7,025,155. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $200.20 on Wednesday. The company has a market cap of $50.09 billion, a P/E ratio of 50.18, a P/E/G ratio of 3.04 and a beta of 0.77. 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 stock has a 50-day moving average of $178.74 and a two-hundred day moving average of $159.37. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75.

Electronic Arts Announces Dividend

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