Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,071 shares of the game software company’s stock after selling 500 shares during the period. Pitcairn Co.’s holdings in Electronic Arts were worth $584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EA. Prime Capital Investment Advisors LLC increased its stake in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after acquiring an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after purchasing an additional 79 shares in the last quarter. Shepherd Financial Partners LLC raised its holdings in Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after buying an additional 88 shares during the period. Grove Bank & Trust lifted its position in Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after buying an additional 94 shares in the last quarter. Finally, CWM LLC grew its stake in Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after buying an additional 95 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now directly owns 31,190 shares of the company’s stock, 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. In the last three months, insiders have sold 28,884 shares of company stock worth $4,404,435. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Wedbush reiterated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a report on Friday, October 25th. Finally, Robert W. Baird upped their price target on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Eight research 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $164.14 on Tuesday. 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 company has a market capitalization of $43.05 billion, a price-to-earnings ratio of 42.20, a price-to-earnings-growth ratio of 2.18 and a beta of 0.78. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The business has a 50 day simple moving average of $149.71 and a 200-day simple moving average of $144.23.

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 given a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts’s payout ratio is currently 19.54%.

Electronic Arts Company 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.