Ethic Inc. Grows Holdings in Electronic Arts Inc. $EA

Ethic Inc. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,066 shares of the game software company’s stock after purchasing an additional 4,426 shares during the quarter. Ethic Inc.’s holdings in Electronic Arts were worth $6,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EA. Ameriflex Group Inc. boosted its holdings in Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Electronic Arts during the third quarter worth about $30,000. Geneos Wealth Management Inc. boosted its holdings in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares during the last quarter. Finally, Tidemark LLC purchased a new position in Electronic Arts during the third quarter worth about $50,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total value of $243,900.00. Following the transaction, the insider directly owned 28,760 shares in the company, valued at $5,845,470. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.53, for a total transaction of $498,825.00. Following the completion of the transaction, the insider owned 48,343 shares in the company, valued at approximately $9,645,878.79. The trade was a 4.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,600 shares of company stock valued at $5,544,159 in the last three months. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Down 0.2%

EA opened at $200.44 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $50.16 billion, a price-to-earnings ratio of 57.43, a PEG ratio of 2.16 and a beta of 0.66. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The company’s 50-day moving average price is $201.87 and its two-hundred day moving average price is $202.21.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s payout ratio is presently 21.78%.

Analyst Upgrades and Downgrades

EA has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $196.64.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.