3,662 Shares in Electronic Arts Inc. $EA Acquired by 111 Capital

Key Points

• 111 Capital acquired 3,662 shares of Electronic Arts Inc., valued at approximately $585,000, in the 2nd quarter.
• Insider sales included a transaction by CFO Stuart Canfield, who sold 6,500 shares, representing a 55.84% decrease in his ownership.
• Electronic Arts recently announced a quarterly dividend of $0.19 per share, with a yield of 0.4% based on an annualized basis.

111 Capital purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,662 shares of the game software company's stock, valued at approximately $585,000.

Several other institutional investors have also made changes to their positions in EA. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the first quarter worth approximately $28,000. Bank of Jackson Hole Trust boosted its holdings in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after purchasing an additional 75 shares during the period. Wayfinding Financial LLC acquired a new stake in Electronic Arts in the first quarter valued at approximately $39,000. Costello Asset Management INC acquired a new stake in Electronic Arts in the first quarter valued at approximately $40,000. Finally, ORG Partners LLC lifted its stake in Electronic Arts by 47.6% in the second quarter. ORG Partners LLC now owns 251 shares of the game software company's stock valued at $40,000 after acquiring an additional 81 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 6,500 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the transaction, the chief financial officer owned 5,140 shares of the company's stock, valued at approximately $1,045,476. The trade was a 55.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider directly owned 58,092 shares in the company, valued at $9,032,725.08. This trade represents a 4.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,000 shares of company stock worth $7,247,635. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the company a "neutral" rating in a research note on Tuesday, September 30th. Hsbc Global Res cut shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 target price for the company in a research note on Tuesday, August 5th. Jefferies Financial Group cut shares of Electronic Arts from a "buy" rating to a "hold" rating and lifted their target price for the company from $200.00 to $210.00 in a research note on Tuesday, September 30th. Finally, Baird R W cut shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $177.00.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $200.69 on Monday. The firm has a fifty day simple moving average of $172.45 and a 200-day simple moving average of $156.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75. The stock has a market capitalization of $50.21 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 3.03 and a beta of 0.77.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts's payout ratio is 19.05%.

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.

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