Barton Investment Management Sells 3,785 Shares of Electronic Arts Inc. $EA

Key Points

• Barton Investment Management reduced its stake in Electronic Arts by 7.0%, selling 3,785 shares, and now holds 50,180 shares valued at $8,014,000.
• A recent analysis by multiple equity firms raised target prices for Electronic Arts shares, with Bank of America and Wells Fargo both setting new targets at $168.00.
• Insider selling was notable, with CEO Andrew Wilson selling 5,000 shares at an average price of $171.05, resulting in an 8.71% decrease in his ownership.

Barton Investment Management lessened its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,180 shares of the game software company's stock after selling 3,785 shares during the quarter. Electronic Arts accounts for approximately 0.8% of Barton Investment Management's investment portfolio, making the stock its 15th biggest holding. Barton Investment Management's holdings in Electronic Arts were worth $8,014,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EA. MassMutual Private Wealth & Trust FSB increased its holdings in Electronic Arts by 3.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock worth $323,000 after buying an additional 72 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after buying an additional 73 shares during the last quarter. Bank of Jackson Hole Trust increased its holdings in 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 buying an additional 75 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in Electronic Arts by 34.2% during the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after buying an additional 76 shares during the last quarter. Finally, Clarius Group LLC increased its holdings in Electronic Arts by 3.6% during the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock worth $319,000 after buying an additional 77 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America boosted their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an "equal weight" rating in a report on Monday, July 28th. Jefferies Financial Group downgraded shares of Electronic Arts from a "buy" rating to a "hold" rating and upped their price objective for the company from $200.00 to $210.00 in a report on Tuesday. Arete Research set a $192.00 price objective on shares of Electronic Arts in a report on Tuesday, August 5th. Finally, Wedbush reiterated a "neutral" rating and issued a $200.00 price objective on shares of Electronic Arts in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and an average price target of $177.00.

Electronic Arts Trading Down 0.3%

EA stock opened at $201.00 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The company's 50-day simple moving average is $171.47 and its 200 day simple moving average is $156.16. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The company has a market capitalization of $50.29 billion, a PE ratio of 50.38, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

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

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the sale, the chief executive officer directly owned 52,393 shares in the company, valued at $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the sale, the executive vice president owned 28,448 shares in the company, valued at $4,219,407.36. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,000 shares of company stock valued at $7,247,635. 0.24% of the stock is currently owned by insiders.

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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