Fairvoy Private Wealth LLC Invests $1.69 Million in Electronic Arts Inc. $EA

Fairvoy Private Wealth LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 10,590 shares of the game software company’s stock, valued at approximately $1,691,000.

Several other institutional investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after acquiring an additional 72 shares during the period. Bank of Jackson Hole Trust raised its holdings in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after acquiring an additional 75 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of Electronic Arts by 13.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after acquiring an additional 76 shares during the period. Clarius Group LLC raised its holdings in Electronic Arts by 3.6% in the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company’s stock valued at $319,000 after buying an additional 77 shares during the period. Finally, Conning Inc. raised its holdings in Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company’s stock valued at $253,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 6,500 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the transaction, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. The trade was a 55.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,000 shares of company stock valued at $7,247,635. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EA. Robert W. Baird restated a “neutral” rating and issued a $210.00 price objective (up from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective on the stock. in a report on Monday. Arete upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective on the stock in a report on Tuesday, August 5th. TD Cowen lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Bank of America boosted their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus price target of $177.00.

Electronic Arts Stock Down 0.2%

Shares of NASDAQ:EA opened at $200.69 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $50.21 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The firm’s 50-day moving average is $172.45 and its two-hundred day moving average is $156.57. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is currently 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.