Electronic Arts Inc. $EA Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 57,662 shares of the game software company’s stock after selling 1,455 shares during the quarter. Jacobs & Co. CA’s holdings in Electronic Arts were worth $9,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Electronic Arts during the 1st quarter valued at approximately $319,000. Nomura Holdings Inc. raised its position in shares of Electronic Arts by 11.7% during the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company’s stock valued at $4,566,000 after acquiring an additional 3,259 shares in the last quarter. CCM Investment Group LLC acquired a new stake in shares of Electronic Arts during the 1st quarter valued at approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Electronic Arts by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after acquiring an additional 13,461 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its position in shares of Electronic Arts by 5.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company’s stock valued at $15,300,000 after acquiring an additional 5,275 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider directly owned 58,092 shares of the company’s stock, valued at approximately $9,032,725.08. This trade represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $172.26, for a total value of $206,712.00. Following the transaction, the insider directly owned 35,931 shares in the company, valued at $6,189,474.06. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,900 shares of company stock valued at $4,778,597 over the last three months. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EA shares. UBS Group set a $167.00 target price on Electronic Arts and gave the stock a “neutral” rating in a research report on Friday, August 1st. Citigroup reaffirmed a “neutral” rating and issued a $153.00 target price (up from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Robert W. Baird increased their target price on Electronic Arts from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Wells Fargo & Company set a $168.00 target price on Electronic Arts and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Roth Capital raised Electronic Arts from a “neutral” rating to a “buy” rating and increased their target price for the stock from $175.00 to $185.00 in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.12.

Electronic Arts Price Performance

Shares of EA opened at $172.38 on Friday. The firm has a market capitalization of $43.13 billion, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90. The stock’s fifty day moving average is $162.98 and its 200-day moving average is $151.68.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be issued 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, August 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

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.