Private Trust Co. NA Trims Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Private Trust Co. NA trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 8.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,635 shares of the game software company’s stock after selling 331 shares during the period. Private Trust Co. NA’s holdings in Electronic Arts were worth $521,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hancock Whitney Corp lifted its holdings in shares of Electronic Arts by 1.3% in the 3rd quarter. Hancock Whitney Corp now owns 8,736 shares of the game software company’s stock valued at $1,253,000 after buying an additional 115 shares during the period. Independent Advisor Alliance lifted its holdings in Electronic Arts by 10.6% in the third quarter. Independent Advisor Alliance now owns 7,544 shares of the game software company’s stock valued at $1,082,000 after acquiring an additional 725 shares during the period. Harvest Fund Management Co. Ltd boosted its position in Electronic Arts by 51.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 12,170 shares of the game software company’s stock worth $1,746,000 after purchasing an additional 4,110 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Electronic Arts by 9.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 53,706 shares of the game software company’s stock worth $7,704,000 after purchasing an additional 4,675 shares during the period. Finally, Alpha DNA Investment Management LLC purchased a new position in shares of Electronic Arts during the 3rd quarter valued at approximately $779,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the sale, the chief executive officer now owns 54,247 shares in the company, valued at $7,675,950.50. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the transaction, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. This represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $3,073,520. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Down 1.2 %

EA stock opened at $163.10 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $150.16 and a two-hundred day moving average of $144.50. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The company has a market cap of $42.78 billion, a price-to-earnings ratio of 41.93, a PEG ratio of 2.14 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend 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 presently 19.54%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EA shares. TD Cowen increased their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Roth Mkm raised their target price on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Argus increased their price target on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $165.37.

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.