Gallacher Capital Management LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EA – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,215 shares of the game software company’s stock, valued at approximately $655,000.
Several other large investors also recently made changes to their positions in EA. Ascentis Independent Advisors bought a new position in shares of Electronic Arts in the 1st quarter valued at approximately $27,000. MV Capital Management Inc. bought a new stake in Electronic Arts during the fourth quarter worth approximately $28,000. Asset Planning Inc bought a new stake in Electronic Arts during the first quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the first quarter valued at approximately $32,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Electronic Arts during the fourth quarter valued at approximately $44,000. Institutional investors own 90.23% of the company’s stock.
Insider Buying and Selling at Electronic Arts
In related news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer owned 25,991 shares of the company’s stock, valued at $5,233,547.76. The trade was a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Also, EVP Jacob J. Schatz sold 5,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the transaction, the executive vice president owned 42,287 shares of the company’s stock, valued at $8,507,721.53. This represents a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,206 shares of company stock worth $6,292,058 over the last three months. 0.24% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Report on Electronic Arts
Electronic Arts Stock Performance
NASDAQ EA opened at $207.84 on Friday. Electronic Arts Inc. has a twelve month low of $146.97 and a twelve month high of $207.86. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $52.12 billion, a P/E ratio of 59.55, a PEG ratio of 2.32 and a beta of 0.64. The company’s 50-day simple moving average is $203.21 and its 200 day simple moving average is $202.59.
Electronic Arts Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 21.78%.
About Electronic Arts
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.
Recommended Stories
- Five stocks we like better than Electronic Arts
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
