Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 15.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,606 shares of the game software company’s stock after selling 3,717 shares during the period. Diversified Trust Co’s holdings in Electronic Arts were worth $2,812,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Electronic Arts by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,577 shares of the game software company’s stock worth $657,000 after buying an additional 1,426 shares during the last quarter. Czech National Bank lifted its holdings in shares of Electronic Arts by 5.6% in the 3rd quarter. Czech National Bank now owns 48,976 shares of the game software company’s stock worth $7,025,000 after purchasing an additional 2,616 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Electronic Arts by 5.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 80,964 shares of the game software company’s stock valued at $11,613,000 after purchasing an additional 4,118 shares during the period. Park Avenue Securities LLC grew its stake in Electronic Arts by 1.4% during the 3rd quarter. Park Avenue Securities LLC now owns 14,430 shares of the game software company’s stock worth $2,070,000 after buying an additional 203 shares during the last quarter. Finally, Jacobs & Co. CA lifted its stake in Electronic Arts by 3.1% in the third quarter. Jacobs & Co. CA now owns 59,231 shares of the game software company’s stock valued at $8,496,000 after buying an additional 1,788 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the subject of several recent research reports. BMO Capital Markets restated an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a research report on Tuesday, July 30th. Roth Mkm restated a “neutral” rating and issued a $154.00 price target on shares of Electronic Arts in a research note on Thursday, September 19th. Benchmark restated a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Stifel Nicolaus raised their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.94.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now owns 29,190 shares of the company’s stock, valued at $4,181,175.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total transaction of $356,050.00. Following the transaction, the chief executive officer now owns 59,247 shares in the company, valued at approximately $8,437,957.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now directly owns 29,190 shares of the company’s stock, valued at $4,181,175.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,270 shares of company stock valued at $4,006,565. Company insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 0.1 %

Shares of NASDAQ:EA opened at $142.90 on Tuesday. The stock has a market capitalization of $37.97 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 1.91 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $119.92 and a 1-year high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The company has a 50 day moving average price of $145.77 and a 200 day moving average price of $138.35.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. On average, research analysts anticipate that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

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.