Simon Quick Advisors LLC Has $845,000 Holdings in Electronic Arts Inc. $EA

Simon Quick Advisors LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 22.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,290 shares of the game software company’s stock after acquiring an additional 969 shares during the quarter. Simon Quick Advisors LLC’s holdings in Electronic Arts were worth $845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Salomon & Ludwin LLC lifted its stake in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after acquiring an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Electronic Arts by 3.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after acquiring an additional 72 shares during the period. Bank of Jackson Hole Trust lifted its stake in shares of Electronic Arts by 56.4% in the first 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 during the period. Financial Management Professionals Inc. lifted its stake in shares of Electronic Arts by 13.6% in the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after acquiring an additional 76 shares during the period. Finally, Conning Inc. lifted its stake in shares of Electronic Arts by 4.7% in the first quarter. Conning Inc. now owns 1,749 shares of the game software company’s stock worth $253,000 after acquiring an additional 78 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on EA. Jefferies Financial Group lowered Electronic Arts from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. Cowen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Oppenheimer lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 30th. Zacks Research raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, Robert W. Baird reissued a “neutral” rating and issued a $210.00 price target (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $181.64.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $171.52, for a total value of $205,824.00. Following the transaction, the executive vice president directly owned 26,080 shares in the company, valued at $4,473,241.60. The trade was a 4.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,400 shares of company stock valued at $7,359,462 over the last three months. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $200.06 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The stock’s 50 day moving average is $186.18 and its 200-day moving average is $164.86. The firm has a market capitalization of $50.06 billion, a price-to-earnings ratio of 58.50, a PEG ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be 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 is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is presently 22.22%.

About Electronic Arts

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.