Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,848 shares of the game software company’s stock after selling 499 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Electronic Arts were worth $3,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EA. Cullen Frost Bankers Inc. boosted its stake in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after purchasing an additional 79 shares during the period. Grove Bank & Trust lifted its position in shares of Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after purchasing an additional 94 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after acquiring an additional 97 shares during the period. Claro Advisors LLC raised its holdings in Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock worth $250,000 after purchasing an additional 100 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in Electronic Arts by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,909 shares of the game software company’s stock valued at $2,913,000 after acquiring an additional 100 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Up 0.2 %

Electronic Arts stock opened at $140.74 on Friday. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $153.51. The firm’s fifty day moving average price is $146.36 and its 200-day moving average price is $137.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $37.40 billion, a P/E ratio of 30.07, a PEG ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities research analysts forecast that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now owns 31,190 shares in the company, valued at $4,675,692.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the sale, the chief executive officer now owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,570 shares of company stock worth $4,183,508. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the company from $148.00 to $161.00 in a research note on Monday, July 15th. TD Cowen increased their target price on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Stifel Nicolaus upped their target price on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Roth Mkm reissued a “neutral” rating and set a $154.00 price target on shares of Electronic Arts in a report on Thursday. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.94.

Electronic Arts Company 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.