Electronic Arts Inc. $EA Shares Sold by Value Partners Investments Inc.

Value Partners Investments Inc. lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 0.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 318,267 shares of the game software company’s stock after selling 610 shares during the period. Electronic Arts makes up about 4.0% of Value Partners Investments Inc.’s holdings, making the stock its 10th largest position. Value Partners Investments Inc. owned 0.13% of Electronic Arts worth $50,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the first quarter valued at approximately $28,000. Bank of Jackson Hole Trust boosted its position in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Electronic Arts during the first quarter valued at approximately $39,000. Finally, American National Bank & Trust purchased a new position in shares of Electronic Arts during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the topic of several analyst reports. Arete Research set a $192.00 target price on Electronic Arts in a research report on Tuesday, August 5th. UBS Group set a $167.00 price target on Electronic Arts and gave the stock a “neutral” rating in a report on Friday, August 1st. Wall Street Zen lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, DA Davidson lifted their price target on Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus target price of $167.12.

Electronic Arts Stock Performance

Shares of EA opened at $172.38 on Friday. The firm has a market cap of $43.13 billion, a PE ratio of 43.20, a PEG ratio of 2.19 and a beta of 0.75. The stock’s fifty day moving average price is $162.98 and its two-hundred day moving average price is $151.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is presently 19.05%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $174.65, for a total value of $209,580.00. Following the sale, the executive vice president directly owned 27,248 shares in the company, valued at $4,758,863.20. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.06, for a total value of $171,060.00. Following the completion of the sale, the chief financial officer owned 15,140 shares in the company, valued at approximately $2,589,848.40. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,900 shares of company stock valued at $4,778,597. 0.24% of the stock is currently owned by insiders.

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.