Electronic Arts Inc. $EA Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 5.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 278,069 shares of the game software company’s stock after buying an additional 15,032 shares during the period. Vest Financial LLC’s holdings in Electronic Arts were worth $44,408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Electronic Arts by 45.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,397 shares of the game software company’s stock valued at $2,370,000 after buying an additional 5,130 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter valued at about $28,000. Mission Wealth Management LP grew its position in Electronic Arts by 11.5% in the 1st quarter. Mission Wealth Management LP now owns 4,474 shares of the game software company’s stock valued at $647,000 after buying an additional 461 shares in the last quarter. Finally, Montecito Bank & Trust grew its position in Electronic Arts by 14.8% in the 1st quarter. Montecito Bank & Trust now owns 4,608 shares of the game software company’s stock valued at $666,000 after buying an additional 594 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

EA stock opened at $200.01 on Monday. 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 stock has a market cap of $50.05 billion, a P/E ratio of 50.13, a P/E/G ratio of 3.04 and a beta of 0.77. The firm has a 50 day simple moving average of $177.15 and a 200 day simple moving average of $158.70. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75.

Electronic Arts Announces Dividend

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

Analyst Upgrades and Downgrades

EA has been the subject of several research reports. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and raised their price objective for the company from $200.00 to $210.00 in a research report on Tuesday, September 30th. Wedbush restated a “neutral” rating and set a $200.00 price objective on shares of Electronic Arts in a research report on Monday, September 29th. Arete upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a research report on Tuesday, August 5th. TD Cowen lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Finally, Arete Research set a $192.00 price objective on shares of Electronic Arts in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Hold” and an average target price of $177.00.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the sale, the insider directly owned 33,531 shares in the company, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total transaction of $863,950.00. Following the sale, the chief executive officer owned 47,393 shares of the company’s stock, valued at approximately $8,189,036.47. This represents a 9.54% 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 90 days. Corporate insiders own 0.24% of the company’s stock.

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.