Electronic Arts Inc. $EA Stock Holdings Trimmed by Patten & Patten Inc. TN

Patten & Patten Inc. TN reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,697 shares of the game software company’s stock after selling 150 shares during the quarter. Patten & Patten Inc. TN’s holdings in Electronic Arts were worth $910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust increased its holdings in Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings in Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after buying an additional 148 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Electronic Arts in the first quarter valued at about $39,000. Costello Asset Management INC bought a new stake in Electronic Arts in the first quarter valued at about $40,000. Finally, ORG Partners LLC increased its holdings in Electronic Arts by 47.6% in the second quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after buying an additional 81 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer directly owned 52,393 shares in the company, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total value of $429,225.00. Following the transaction, the insider owned 55,592 shares of the company’s stock, valued at approximately $9,544,590.48. This represents a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,900 shares of company stock valued at $7,506,487. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. HSBC lowered Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective for the company. in a report on Monday, September 29th. Bank of America lifted their target price on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. UBS Group set a $210.00 target price on Electronic Arts and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Robert W. Baird restated a “neutral” rating and issued a $210.00 target price (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Wedbush restated a “neutral” rating and issued a $200.00 target price on shares of Electronic Arts in a research note on Monday, September 29th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $177.00.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $200.35 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $180.25 and a 200-day simple moving average of $160.04. The company has a market cap of $50.13 billion, a PE ratio of 50.21, a P/E/G ratio of 3.05 and a beta of 0.77. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75.

Electronic Arts Dividend Announcement

The firm 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 was Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is currently 19.05%.

Electronic Arts Company 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.