Private Trust Co. NA Sells 226 Shares of Electronic Arts Inc. (NASDAQ:EA)

Private Trust Co. NA reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,132 shares of the game software company’s stock after selling 226 shares during the period. Private Trust Co. NA’s holdings in Electronic Arts were worth $453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. lifted its holdings in shares of Electronic Arts by 15.0% in the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock valued at $81,000 after purchasing an additional 73 shares in the last quarter. Whipplewood Advisors LLC raised its stake in Electronic Arts by 34.2% in the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock valued at $43,000 after buying an additional 76 shares during the period. Clarius Group LLC raised its stake in Electronic Arts by 3.6% in the first 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. Intrust Bank NA raised its stake in Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock valued at $362,000 after buying an additional 78 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Electronic Arts by 4.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company’s stock worth $282,000 after purchasing an additional 84 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

Shares of EA opened at $155.35 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $150.64 and a two-hundred day moving average price of $142.38. The firm has a market capitalization of $39.03 billion, a P/E ratio of 36.64, a P/E/G ratio of 2.11 and a beta of 0.73. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a $0.19 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.49%. Electronic Arts’s payout ratio is presently 17.92%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 6,563 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total value of $992,194.34. Following the transaction, the chief executive officer owned 70,059 shares in the company, valued at approximately $10,591,519.62. This represents a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the transaction, the executive vice president owned 19,033 shares in the company, valued at approximately $2,772,156.45. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,729 shares of company stock worth $4,784,679 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EA shares. Hsbc Global Res upgraded Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Citigroup reiterated a “neutral” rating and issued a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. UBS Group raised their price objective on Electronic Arts from $152.00 to $167.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Oppenheimer raised their price objective on Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, Robert W. Baird set a $168.00 target price on Electronic Arts in a report on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

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.