Aberdeen Group plc Has $40.54 Million Holdings in Electronic Arts Inc. $EA

Key Points

• Aberdeen Group plc raised its stake in Electronic Arts Inc. by 15.9%, holding 257,057 shares worth approximately $40.54 million as of the second quarter.
• Several research firms have downgraded Electronic Arts from a "buy" to a "hold" rating, with a consensus target price of $177.00.
• Insider transactions included CEO Andrew Wilson selling 5,000 shares for about $855,250, representing an 8.71% decrease in his ownership.

Aberdeen Group plc increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 15.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 257,057 shares of the game software company's stock after purchasing an additional 35,287 shares during the period. Aberdeen Group plc owned about 0.10% of Electronic Arts worth $40,543,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EA. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts during the first quarter worth $28,000. Bank of Jackson Hole Trust boosted its position in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after acquiring an additional 75 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Electronic Arts in the first quarter valued at about $39,000. Costello Asset Management INC acquired a new position in Electronic Arts in the first quarter worth about $40,000. Finally, ORG Partners LLC lifted its stake in Electronic Arts by 47.6% during the second quarter. ORG Partners LLC now owns 251 shares of the game software company's stock worth $40,000 after purchasing an additional 81 shares during the period. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EA. Wall Street Zen lowered Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Cowen lowered Electronic Arts from a "buy" rating to a "hold" rating in a research note on Wednesday, October 1st. Citigroup reiterated a "neutral" rating on shares of Electronic Arts in a research note on Friday, September 26th. DZ Bank downgraded shares of Electronic Arts from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, September 29th. Finally, DA Davidson increased their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Electronic Arts has an average rating of "Hold" and a consensus target price of $177.00.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the sale, the chief executive officer owned 52,393 shares of the company's stock, valued at $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 6,500 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the sale, the chief financial officer owned 5,140 shares in the company, valued at $1,045,476. The trade was a 55.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,000 shares of company stock valued at $7,247,635 in the last ninety days. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $200.01 on Monday. The company's 50-day moving average is $177.15 and its two-hundred day moving average is $158.70. The company has a market cap of $50.05 billion, a PE ratio of 50.13, a PEG ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. 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 Dividend Announcement

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

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.

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