Checchi Capital Advisers LLC Sells 82 Shares of Electronic Arts Inc. $EA

Checchi Capital Advisers LLC cut its position in Electronic Arts Inc. (NASDAQ:EA) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,461 shares of the game software company’s stock after selling 82 shares during the period. Checchi Capital Advisers LLC’s holdings in Electronic Arts were worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EA. 111 Capital acquired a new position in Electronic Arts during the 2nd quarter worth approximately $585,000. Impact Investors Inc increased its holdings in shares of Electronic Arts by 5.8% during the second quarter. Impact Investors Inc now owns 9,306 shares of the game software company’s stock valued at $1,486,000 after acquiring an additional 512 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Electronic Arts by 0.7% during the second quarter. QRG Capital Management Inc. now owns 22,085 shares of the game software company’s stock worth $3,527,000 after purchasing an additional 161 shares during the period. Fairvoy Private Wealth LLC bought a new position in shares of Electronic Arts in the 2nd quarter worth $1,691,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at $78,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Down 0.1%

Shares of EA stock opened at $200.46 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $50.16 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 3.03 and a beta of 0.77. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a 50-day simple moving average of $173.42 and a two-hundred day simple moving average of $157.15.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. TD Cowen cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. BMO Capital Markets boosted their price objective on Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a report on Tuesday, September 30th. Finally, Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and increased their price objective for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $177.00.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the transaction, the chief financial officer owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. The trade was a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the sale, the insider directly owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. This represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,000 shares of company stock valued at $7,247,635 in the last ninety days. 0.24% of the stock is 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.