Praxis Investment Management Inc. Acquires 550 Shares of Electronic Arts Inc. $EA

Praxis Investment Management Inc. boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,995 shares of the game software company’s stock after acquiring an additional 550 shares during the quarter. Praxis Investment Management Inc.’s holdings in Electronic Arts were worth $1,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Electronic Arts by 0.5% in 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 last quarter. Ninety One UK Ltd increased its stake in Electronic Arts by 4.6% in the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after acquiring an additional 193,442 shares during the last quarter. Independent Franchise Partners LLP increased its stake in Electronic Arts by 2.3% in the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after acquiring an additional 88,767 shares during the last quarter. Invesco Ltd. increased its stake in Electronic Arts by 15.6% in the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after acquiring an additional 504,760 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Electronic Arts by 62.7% in the 1st 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 in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wall Street Zen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Cowen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Bank of America increased their price objective on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, UBS Group set a $210.00 price objective on Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $177.00.

Insiders Place Their Bets

In related news, EVP Jacob J. Schatz sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.80, for a total transaction of $240,960.00. Following the sale, the executive vice president directly owned 24,880 shares in the company, valued at $4,995,904. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $200.31, for a total value of $240,372.00. Following the transaction, the insider directly owned 32,331 shares of the company’s stock, valued at approximately $6,476,222.61. This trade represents a 3.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,900 shares of company stock worth $7,506,487. Insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

EA opened at $200.30 on Friday. The stock’s 50 day simple moving average is $180.90 and its 200 day simple moving average is $160.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The firm has a market cap of $50.12 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 3.04 and a beta of 0.77.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

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.