Electronic Arts Inc. $EA Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 32.8% during the first quarter, Holdings Channel reports. The institutional investor owned 5,145 shares of the game software company’s stock after selling 2,507 shares during the quarter. Sanctuary Advisors LLC’s holdings in Electronic Arts were worth $1,049,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Electronic Arts by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after buying an additional 485,030 shares in the last quarter. Pentwater Capital Management LP raised its position in Electronic Arts by 128.1% in the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after acquiring an additional 6,150,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Electronic Arts by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after acquiring an additional 143,195 shares during the last quarter. Invesco Ltd. lifted its holdings in Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after acquiring an additional 202,657 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the sale, the insider owned 26,360 shares of the company’s stock, valued at $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,066 shares of Electronic Arts stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the transaction, the chief executive officer owned 85,974 shares in the company, valued at $17,337,516.84. This represents a 5.56% decrease in their position. 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. In the last 90 days, insiders sold 31,206 shares of company stock worth $6,292,058. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Zacks Research downgraded Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Stock Performance

Electronic Arts stock opened at $209.08 on Friday. The firm’s 50 day simple moving average is $204.25 and its 200-day simple moving average is $202.80. The company has a market cap of $52.43 billion, a P/E ratio of 59.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a fifty-two week low of $146.97 and a fifty-two week high of $209.34.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were paid 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 yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Electronic Arts Profile

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.