Trust Co. of Toledo NA OH Takes $96,000 Position in Electronic Arts Inc. $EA

Trust Co. of Toledo NA OH purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 600 shares of the game software company’s stock, valued at approximately $96,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norden Group LLC acquired a new position in Electronic Arts during the 2nd quarter valued at about $214,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Electronic Arts during the first quarter worth approximately $319,000. CCM Investment Group LLC acquired a new position in shares of Electronic Arts during the first quarter worth approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Electronic Arts by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock worth $94,456,000 after acquiring an additional 13,461 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its position in Electronic Arts by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock worth $13,944,000 after acquiring an additional 3,999 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EA shares. Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the stock an “equal weight” rating in a research note on Monday, July 28th. UBS Group set a $210.00 price target on shares of Electronic Arts and gave the stock a “neutral” rating in a research note on Tuesday, September 30th. Finally, Wedbush restated a “neutral” rating and issued a $200.00 target price on shares of Electronic Arts in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average price target of $177.00.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $200.01 on Monday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The stock has a fifty day moving average of $177.15 and a 200-day moving average of $158.70. The company has a market capitalization of $50.05 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is 19.05%.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total value of $863,950.00. Following the completion of the sale, the chief executive officer owned 47,393 shares in the company, valued at $8,189,036.47. This represents a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $244,080.00. Following the completion of the sale, the insider owned 33,531 shares of the company’s stock, valued at $6,820,205.40. The trade was a 3.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock worth $7,247,635 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

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.