1,281 Shares in Electronic Arts Inc. $EA Purchased by Alta Advisers Ltd

Alta Advisers Ltd acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,281 shares of the game software company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also bought and sold shares of EA. Brighton Jones LLC lifted its holdings in shares of Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Electronic Arts in the first quarter worth about $693,000. CX Institutional lifted its holdings in shares of Electronic Arts by 8.7% in the first quarter. CX Institutional now owns 2,632 shares of the game software company’s stock worth $380,000 after acquiring an additional 210 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Electronic Arts by 10.4% in the first quarter. Simon Quick Advisors LLC now owns 4,321 shares of the game software company’s stock worth $624,000 after acquiring an additional 406 shares during the last quarter. Finally, Union Bancaire Privee UBP SA lifted its holdings in shares of Electronic Arts by 17.6% in the first quarter. Union Bancaire Privee UBP SA now owns 1,600 shares of the game software company’s stock worth $231,000 after acquiring an additional 240 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EA shares. Roth Capital cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. Bank of America increased their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. DA Davidson increased their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Arete Research set a $192.00 price objective on Electronic Arts in a research note on Tuesday, August 5th. Finally, Arete raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $177.00.

Electronic Arts Stock Performance

Electronic Arts stock opened at $200.01 on Friday. The company has a market capitalization of $50.05 billion, a P/E ratio of 50.13, a P/E/G ratio of 3.04 and a beta of 0.77. The business has a 50 day moving average of $177.15 and a 200-day moving average of $158.60. 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.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a 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%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of the 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 $1,322,100.00. Following the completion of the sale, the chief financial officer owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This represents a 55.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total transaction of $863,950.00. Following the sale, the chief executive officer directly owned 47,393 shares of the company’s stock, valued at $8,189,036.47. This represents a 9.54% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,000 shares of company stock worth $7,247,635. Company insiders own 0.24% of the company’s stock.

Electronic Arts 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.