Electronic Arts Inc. $EA Stock Holdings Decreased by Invesco LLC

Invesco LLC lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,587 shares of the game software company’s stock after selling 631 shares during the quarter. Invesco LLC’s holdings in Electronic Arts were worth $733,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter worth $28,000. Bank of Jackson Hole Trust lifted its stake in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after acquiring an additional 75 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in Electronic Arts in the 1st quarter worth about $39,000. American National Bank & Trust acquired a new stake in shares of Electronic Arts during the first quarter worth approximately $40,000. Finally, Costello Asset Management INC purchased a new position in shares of Electronic Arts during the 1st quarter valued at $40,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total value of $171,060.00. Following the transaction, the chief financial officer owned 15,140 shares of the company’s stock, valued at $2,589,848.40. This represents a 6.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the completion of the sale, the executive vice president owned 26,080 shares of the company’s stock, valued at $4,473,241.60. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,800 shares of company stock worth $5,077,960. 0.24% of the stock is owned by company insiders.

Electronic Arts Stock Performance

EA stock opened at $193.35 on Monday. The stock has a market capitalization of $48.38 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $197.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a 50 day moving average price of $167.67 and a 200 day moving average price of $154.67.

Electronic Arts Announces Dividend

The firm also recently declared 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%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Arete raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price target for the company in a research note on Tuesday, August 5th. Roth Capital raised Electronic Arts from a “neutral” rating to a “buy” rating and raised their price target for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. DA Davidson boosted their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Wall Street Zen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Robert W. Baird increased their price objective on shares of Electronic Arts from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.40.

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.