Kesler Norman & Wride LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) by 43.0% during the fourth quarter, Holdings Channel reports. The firm owned 10,402 shares of the game software company’s stock after purchasing an additional 3,130 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Electronic Arts were worth $2,125,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Electronic Arts in the second quarter worth $2,323,000. Finally, NewEdge Advisors LLC grew its stake in shares of Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after acquiring an additional 1,505 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Citigroup boosted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $196.64.
Insiders Place Their Bets
In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.81, for a total value of $240,972.00. Following the completion of the sale, the insider directly owned 27,560 shares of the company’s stock, valued at approximately $5,534,323.60. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the sale, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. The trade was a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 39,906 shares of company stock valued at $8,032,336. 0.24% of the stock is owned by insiders.
Electronic Arts Price Performance
Shares of EA opened at $202.01 on Wednesday. Electronic Arts Inc. has a 1-year low of $144.67 and a 1-year high of $204.88. The stock has a market cap of $50.65 billion, a PE ratio of 57.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average price of $202.10 and a 200 day moving average price of $202.26.
Electronic Arts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is 21.78%.
Electronic Arts Profile
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
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