First National Trust Co Has $318,000 Stock Position in Electronic Arts Inc. $EA

First National Trust Co lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,991 shares of the game software company’s stock after selling 101 shares during the period. First National Trust Co’s holdings in Electronic Arts were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Electronic Arts by 9.4% during the 4th 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 period. Golden State Wealth Management LLC grew its stake in Electronic Arts by 176.8% during the first quarter. Golden State Wealth Management LLC now owns 346 shares of the game software company’s stock worth $50,000 after buying an additional 221 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Electronic Arts by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,922 shares of the game software company’s stock valued at $29,414,000 after buying an additional 3,462 shares during the period. Keybank National Association OH raised its position in shares of Electronic Arts by 203.0% in the 1st quarter. Keybank National Association OH now owns 8,796 shares of the game software company’s stock valued at $1,271,000 after buying an additional 5,893 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Electronic Arts by 18.5% in the 1st quarter. First Horizon Advisors Inc. now owns 111,891 shares of the game software company’s stock valued at $16,171,000 after buying an additional 17,496 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction 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 transaction, the insider owned 33,531 shares of the company’s stock, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider owned 58,092 shares in the company, valued at approximately $9,032,725.08. This trade represents a 4.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,900 shares of company stock worth $7,748,187 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EA shares. UBS Group set a $210.00 price target on shares of Electronic Arts and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Arete Research set a $192.00 price target on Electronic Arts in a research note on Tuesday, August 5th. Jefferies Financial Group cut Electronic Arts from a “buy” rating to a “hold” rating and boosted their price target for the stock from $200.00 to $210.00 in a report on Tuesday, September 30th. Wedbush reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Argus boosted their target price on Electronic Arts from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $179.38.

Electronic Arts Trading Down 0.0%

Shares of EA stock opened at $200.20 on Thursday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The stock’s fifty day simple moving average is $185.04 and its 200 day simple moving average is $164.23. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $50.09 billion, a P/E ratio of 58.54, a P/E/G ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 19.05%.

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.