Wealth Advisors of Tampa Bay LLC Sells 4,685 Shares of Electronic Arts Inc. $EA

Wealth Advisors of Tampa Bay LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 20.2% during the 4th quarter, Holdings Channel reports. The fund owned 18,500 shares of the game software company’s stock after selling 4,685 shares during the quarter. Wealth Advisors of Tampa Bay LLC’s holdings in Electronic Arts were worth $3,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC lifted its stake in Electronic Arts by 478.3% in the fourth quarter. AlphaQuest LLC now owns 16,678 shares of the game software company’s stock valued at $3,408,000 after buying an additional 13,794 shares in the last quarter. Allstate Corp lifted its stake in Electronic Arts by 105.8% in the fourth quarter. Allstate Corp now owns 18,448 shares of the game software company’s stock valued at $3,769,000 after buying an additional 9,485 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Electronic Arts by 19.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 820 shares of the game software company’s stock valued at $168,000 after buying an additional 135 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Electronic Arts by 51.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,032 shares of the game software company’s stock valued at $211,000 after buying an additional 351 shares in the last quarter. Finally, Churchill Financial Advisors LLC bought a new position in Electronic Arts in the fourth quarter valued at approximately $4,041,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

NASDAQ EA opened at $201.13 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88. The company has a market capitalization of $50.43 billion, a PE ratio of 57.63, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The firm’s 50 day moving average is $202.02 and its 200-day moving average is $202.25.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.54, for a total value of $501,350.00. Following the sale, the insider directly owned 40,843 shares in the company, valued at $8,190,655.22. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jacob J. Schatz sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the sale, the executive vice president owned 42,287 shares in the company, valued at $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 39,906 shares of company stock valued at $8,032,336 over the last ninety days. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EA. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.