Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Trust Co. of Oklahoma

Trust Co. of Oklahoma raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,236 shares of the game software company’s stock after acquiring an additional 118 shares during the period. Trust Co. of Oklahoma’s holdings in Electronic Arts were worth $912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of Electronic Arts by 39.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,383 shares of the game software company’s stock worth $2,543,000 after acquiring an additional 4,884 shares during the last quarter. Advisory Alpha LLC boosted its stake in Electronic Arts by 17.3% during the 4th quarter. Advisory Alpha LLC now owns 4,787 shares of the game software company’s stock worth $700,000 after purchasing an additional 705 shares during the period. Dakota Wealth Management grew its position in Electronic Arts by 14.3% during the 4th quarter. Dakota Wealth Management now owns 7,504 shares of the game software company’s stock worth $1,098,000 after purchasing an additional 938 shares during the last quarter. Simon Quick Advisors LLC increased its stake in Electronic Arts by 12.3% in the fourth quarter. Simon Quick Advisors LLC now owns 3,915 shares of the game software company’s stock valued at $573,000 after purchasing an additional 430 shares during the period. Finally, Roberts Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the fourth quarter valued at about $3,090,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.6 %

EA stock opened at $142.35 on Thursday. 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 company’s 50 day simple moving average is $154.24 and its 200-day simple moving average is $149.20. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The firm has a market capitalization of $37.33 billion, a PE ratio of 36.59, a P/E/G ratio of 1.88 and a beta of 0.80.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the sale, the chief financial officer now directly owns 8,750 shares of the company’s stock, valued at $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,500 shares of company stock valued at $4,351,060. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EA shares. Roth Mkm raised their price target on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus lowered their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a research note on Thursday. Argus lifted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.89.

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.