Impact Investors Inc Has $556,000 Holdings in Electronic Arts Inc. $EA

Impact Investors Inc trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 61.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,727 shares of the game software company’s stock after selling 4,280 shares during the period. Impact Investors Inc’s holdings in Electronic Arts were worth $556,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Credit Industriel ET Commercial raised its position in Electronic Arts by 284.7% in the 1st quarter. Credit Industriel ET Commercial now owns 45,785 shares of the game software company’s stock worth $9,334,000 after purchasing an additional 33,885 shares during the last quarter. Abel Hall LLC boosted its position in Electronic Arts by 22.1% in the 1st quarter. Abel Hall LLC now owns 1,467 shares of the game software company’s stock valued at $299,000 after buying an additional 266 shares during the last quarter. DGS Capital Management LLC boosted its position in Electronic Arts by 33.0% in the 1st quarter. DGS Capital Management LLC now owns 2,763 shares of the game software company’s stock valued at $563,000 after buying an additional 686 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts in the 1st quarter valued at $27,000. Finally, HB Wealth Management LLC increased its stake in shares of Electronic Arts by 8.1% in the 1st quarter. HB Wealth Management LLC now owns 7,000 shares of the game software company’s stock valued at $1,427,000 after buying an additional 525 shares during the period. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EA. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Citigroup boosted their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $196.64.

Electronic Arts Price Performance

EA opened at $204.89 on Thursday. The company has a fifty day moving average price of $202.61 and a two-hundred day moving average price of $202.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Electronic Arts Inc. has a 52 week low of $146.97 and a 52 week high of $206.01. The firm has a market capitalization of $51.38 billion, a PE ratio of 58.71, a P/E/G ratio of 2.30 and a beta of 0.64.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the sale, the chief executive officer owned 80,974 shares in the company, valued at approximately $16,447,438.88. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the transaction, the chief financial officer directly owned 25,991 shares in the company, valued at $5,233,547.76. The trade was a 5.46% decrease in their position. 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. Insiders sold 39,906 shares of company stock valued at $8,060,033 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Company 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.