Electronic Arts Inc. $EA Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 16.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,670 shares of the game software company’s stock after selling 941 shares during the period. Applied Finance Capital Management LLC’s holdings in Electronic Arts were worth $746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EA. Bank of Jackson Hole Trust boosted its holdings in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Frazier Financial Advisors LLC boosted its holdings in Electronic Arts by 328.9% in the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Electronic Arts in the 1st quarter valued at about $39,000. Costello Asset Management INC acquired a new position in Electronic Arts in the 1st quarter valued at about $40,000. Finally, ORG Partners LLC boosted its holdings in Electronic Arts by 47.6% in the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after purchasing an additional 81 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.31, for a total transaction of $240,372.00. Following the sale, the insider directly owned 32,331 shares in the company, valued at approximately $6,476,222.61. The trade was a 3.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,900 shares of company stock worth $7,506,487 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of EA opened at $200.30 on Friday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75. The firm’s 50 day moving average price is $180.90 and its 200 day moving average price is $160.42. The company has a market cap of $50.12 billion, a P/E ratio of 50.20, a PEG ratio of 3.04 and a beta of 0.77. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors 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 of this dividend was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is presently 19.05%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and boosted their target price for the company from $185.00 to $210.00 in a report on Thursday, October 2nd. BMO Capital Markets upped their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a report on Tuesday, September 30th. Wall Street Zen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Bank of America upped their price objective 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. Finally, Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $177.00.

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.