Prime Capital Investment Advisors LLC Sells 652 Shares of Electronic Arts Inc. $EA

Prime Capital Investment Advisors LLC decreased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 30.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,456 shares of the game software company’s stock after selling 652 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Electronic Arts were worth $233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the 1st quarter valued at about $28,000. Bank of Jackson Hole Trust lifted its holdings in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Electronic Arts during the 1st quarter valued at about $39,000. Costello Asset Management INC bought a new stake in Electronic Arts during the 1st quarter valued at about $40,000. Finally, ORG Partners LLC lifted its holdings in Electronic Arts by 47.6% during the 2nd 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 in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EA. Citigroup reissued a “neutral” rating on shares of Electronic Arts in a research report on Friday, September 26th. Wall Street Zen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 target price on the stock in a research report on Tuesday, August 5th. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their target price for the company from $185.00 to $210.00 in a research report on Thursday, October 2nd. Finally, Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $177.00.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total transaction of $504,475.00. Following the sale, the insider owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. The trade was a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was 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 in the company, valued at approximately $8,189,036.47. This represents a 9.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock worth $7,247,635 in the last 90 days. 0.24% of the stock is owned by insiders.

Electronic Arts Stock Down 0.0%

Shares of Electronic Arts stock opened at $200.01 on Monday. The firm’s 50 day moving average price is $177.15 and its 200-day moving average price is $158.70. 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 market cap of $50.05 billion, a P/E ratio of 50.13, a PEG ratio of 3.04 and a beta of 0.77.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is presently 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.