Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,201 shares of the game software company’s stock after selling 885 shares during the quarter. Electronic Arts makes up about 1.7% of Wealth Advisors of Tampa Bay LLC’s investment portfolio, making the stock its 25th largest holding. Wealth Advisors of Tampa Bay LLC’s holdings in Electronic Arts were worth $3,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares in the last quarter. Capital International Investors increased its holdings in shares of Electronic Arts by 16.4% in the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after acquiring an additional 833,492 shares during the last quarter. Ninety One UK Ltd raised its position in shares of Electronic Arts by 1.3% during the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after acquiring an additional 53,237 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock worth $583,162,000 after purchasing an additional 18,376 shares during the last quarter. Finally, FIL Ltd lifted its stake in Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after purchasing an additional 145,466 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.2 %

Electronic Arts stock opened at $140.74 on Friday. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $153.51. The stock has a market cap of $37.40 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 1.97 and a beta of 0.79. The company’s 50-day moving average price is $146.36 and its two-hundred day moving average price is $137.68. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. On average, analysts expect that Electronic Arts Inc. will post 5.89 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a report on Tuesday, July 30th. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Finally, UBS Group raised their price target on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and an average target price of $161.94.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the transaction, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The disclosure for this sale can be found here. Insiders sold 28,570 shares of company stock valued at $4,183,508 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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.