Electronic Arts Inc. $EA Shares Bought by Vest Financial LLC

Vest Financial LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 278,069 shares of the game software company’s stock after acquiring an additional 15,032 shares during the period. Vest Financial LLC owned about 0.11% of Electronic Arts worth $44,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EA. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the first quarter worth about $28,000. Bank of Jackson Hole Trust raised its position in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after acquiring an additional 75 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Electronic Arts in the first quarter valued at approximately $39,000. Costello Asset Management INC acquired a new position in shares of Electronic Arts in the first quarter valued at approximately $40,000. Finally, ORG Partners LLC raised its position in shares of Electronic Arts by 47.6% in the second quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EA shares. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and boosted their price objective for the company from $200.00 to $210.00 in a research report on Tuesday, September 30th. Citigroup reissued a “neutral” rating on shares of Electronic Arts in a research report on Friday, September 26th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an “equal weight” rating in a research report on Monday, July 28th. TD Cowen lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $200.00 price target on shares of Electronic Arts in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $177.00.

Electronic Arts Price Performance

EA opened at $200.01 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a 50 day moving average of $177.15 and a two-hundred day moving average of $158.70. The company has a market cap 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.

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 paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s payout ratio is currently 19.05%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the business’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 directly owned 33,531 shares in the company, valued at $6,820,205.40. The trade was a 3.46% 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, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $171.52, for a total transaction of $205,824.00. Following the completion of the transaction, the executive vice president owned 26,080 shares of the company’s stock, valued at $4,473,241.60. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock valued at $7,247,635 over the last quarter. 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.