Electronic Arts Inc. $EA Shares Purchased by Greenleaf Trust

Greenleaf Trust lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,829 shares of the game software company’s stock after buying an additional 249 shares during the period. Greenleaf Trust’s holdings in Electronic Arts were worth $931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EA. Vanguard Group Inc. boosted its position in Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after acquiring an additional 150,438 shares during the period. Independent Franchise Partners LLP lifted its holdings in Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after purchasing an additional 88,767 shares during the period. Invesco Ltd. lifted its holdings in Electronic Arts by 15.6% in the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after purchasing an additional 504,760 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after purchasing an additional 1,254,194 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Electronic Arts by 197.5% in the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock worth $421,524,000 after purchasing an additional 1,936,313 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EA shares. Hsbc Global Res lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday. Baird R W downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday. Argus upped their target price on Electronic Arts from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets upped their price objective on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Oppenheimer lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $176.04.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total transaction of $429,225.00. Following the completion of the sale, the insider directly owned 55,592 shares of the company’s stock, valued at approximately $9,544,590.48. This represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the sale, the insider owned 33,531 shares of the company’s stock, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,500 shares of company stock valued at $6,743,160 over the last 90 days. 0.24% of the stock is owned by insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $201.63 on Thursday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The stock has a fifty day moving average of $170.50 and a 200-day moving average of $155.76. The company has a market capitalization of $50.45 billion, a PE ratio of 50.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Announces Dividend

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