Lifeworks Advisors LLC Makes New Investment in Electronic Arts Inc. $EA

Lifeworks Advisors LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,083 shares of the game software company’s stock, valued at approximately $1,036,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EA. Ascentis Independent Advisors bought a new position in Electronic Arts in the first quarter worth approximately $27,000. MV Capital Management Inc. bought a new stake in Electronic Arts during the 4th quarter valued at $28,000. Asset Planning Inc bought a new stake in Electronic Arts during the 1st quarter valued at $32,000. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts in the 1st quarter valued at $32,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Electronic Arts in the 4th quarter worth $44,000. 90.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup lifted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Finally, Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $196.64.

Insider Activity

In related news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer owned 25,991 shares in the company, valued at $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This represents a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 39,906 shares of company stock valued at $8,060,033. 0.24% of the stock is owned by insiders.

Electronic Arts Price Performance

NASDAQ EA opened at $206.35 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day moving average price is $202.84 and its 200 day moving average price is $202.54. Electronic Arts Inc. has a 1 year low of $146.97 and a 1 year high of $206.82. The company has a market cap of $51.74 billion, a price-to-earnings ratio of 59.13, a PEG ratio of 2.31 and a beta of 0.64.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.