Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Decreased by Coastline Trust Co

Coastline Trust Co lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 14.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,085 shares of the game software company’s stock after selling 1,391 shares during the quarter. Coastline Trust Co’s holdings in Electronic Arts were worth $1,160,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the 3rd quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts in the second quarter worth approximately $28,000. Family Firm Inc. bought a new position in Electronic Arts during the second quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the third quarter valued at approximately $36,000. Finally, Gradient Investments LLC grew its position in Electronic Arts by 592.1% in the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of analyst reports. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Bank of America upped their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their target price on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Raymond James raised their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Insider Activity

In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the sale, the chief financial officer now owns 7,553 shares in the company, valued at $1,120,638.61. This represents a 14.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock worth $3,886,282 over the last ninety days. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Down 1.7 %

Shares of Electronic Arts stock opened at $161.36 on Friday. The company has a market capitalization of $42.32 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50-day moving average of $147.17 and a two-hundred day moving average of $142.44. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $164.42.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.47%. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.