Riverview Trust Co Makes New $64,000 Investment in Electronic Arts Inc. (NASDAQ:EA)

Riverview Trust Co acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 484 shares of the game software company’s stock, valued at approximately $64,000.

Several other institutional investors and hedge funds have also bought and sold shares of EA. Envestnet Asset Management Inc. increased its position in Electronic Arts by 6.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 201,074 shares of the game software company’s stock valued at $24,209,000 after buying an additional 11,416 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Electronic Arts during the third quarter valued at $227,000. Stifel Financial Corp raised its position in shares of Electronic Arts by 10.4% in the 3rd quarter. Stifel Financial Corp now owns 84,602 shares of the game software company’s stock worth $10,191,000 after purchasing an additional 7,989 shares during the last quarter. Federated Hermes Inc. boosted its stake in Electronic Arts by 21.7% in the 3rd quarter. Federated Hermes Inc. now owns 48,566 shares of the game software company’s stock worth $5,847,000 after purchasing an additional 8,674 shares in the last quarter. Finally, Profund Advisors LLC grew its position in Electronic Arts by 32.1% during the 3rd quarter. Profund Advisors LLC now owns 21,869 shares of the game software company’s stock valued at $2,633,000 after purchasing an additional 5,317 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.4 %

EA stock opened at $140.63 on Wednesday. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The business’s 50-day moving average is $131.91 and its two-hundred day moving average is $134.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $37.37 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 2.25 and a beta of 0.80.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. As a group, analysts forecast that Electronic Arts Inc. will post 5.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the transaction, the insider now owns 27,083 shares of the company’s stock, valued at $3,597,164.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the transaction, the insider now owns 27,083 shares of the company’s stock, valued at $3,597,164.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Laura Miele sold 2,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $265,640.00. Following the sale, the chief operating officer now owns 34,772 shares of the company’s stock, valued at approximately $4,618,417.04. The disclosure for this sale can be found here. Insiders have sold 21,039 shares of company stock valued at $2,763,319 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Wedbush reaffirmed an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 8th. Stifel Nicolaus increased their target price on Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird decreased their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a report on Friday, June 21st. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $147.50.

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.