Barton Investment Management Cuts Holdings in Electronic Arts Inc. (NASDAQ:EA)

Barton Investment Management lowered its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,965 shares of the game software company's stock after selling 4,295 shares during the quarter. Electronic Arts accounts for about 1.0% of Barton Investment Management's investment portfolio, making the stock its 16th biggest holding. Barton Investment Management's holdings in Electronic Arts were worth $7,799,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EA. Putney Financial Group LLC bought a new position in Electronic Arts during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new stake in Electronic Arts in the 4th quarter worth approximately $32,000. LGT Financial Advisors LLC purchased a new stake in Electronic Arts during the 4th quarter valued at $33,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at $37,000. Finally, American National Bank & Trust bought a new position in shares of Electronic Arts during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on EA shares. TD Cowen lifted their price objective on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Oppenheimer raised their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Wednesday, May 7th. Finally, Citigroup reissued a "neutral" rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Fifteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $161.88.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,666 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $150.93, for a total transaction of $402,379.38. Following the transaction, the chief executive officer now owns 67,393 shares in the company, valued at $10,171,625.49. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,729 shares of company stock valued at $4,107,664 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Up 1.1%

EA opened at $149.57 on Friday. The company has a market capitalization of $37.51 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The firm has a 50-day simple moving average of $145.91 and a two-hundred day simple moving average of $143.91. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio is presently 17.92%.

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.

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.