CTC Alternative Strategies Ltd. Acquires Shares of 2,200 Electronic Arts Inc. $EA

Key Points

• CTC Alternative Strategies Ltd. has acquired a new position in Electronic Arts, purchasing 2,200 shares valued at approximately $318,000 during Q1.
• Insider trading has seen CEO Andrew Wilson and another executive selling shares, decreasing their ownership stakes by 8.71% and 4.30%, respectively.
• Electronic Arts has declared a quarterly dividend of $0.19 per share, indicating a 0.5% yield and a low dividend payout ratio of 19.05%.

CTC Alternative Strategies Ltd. purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,200 shares of the game software company's stock, valued at approximately $318,000.

A number of other institutional investors have also recently made changes to their positions in EA. Putney Financial Group LLC purchased a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the first quarter valued at approximately $28,000. Bank of Jackson Hole Trust lifted its position 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 valued at $30,000 after purchasing an additional 75 shares during the period. Wayfinding Financial LLC bought a new position in Electronic Arts during the first quarter valued at approximately $39,000. Finally, American National Bank & Trust bought a new position in Electronic Arts during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

EA traded down $0.38 during trading on Thursday, hitting $169.89. The company's stock had a trading volume of 2,410,758 shares, compared to its average volume of 3,408,416. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90. The firm has a market cap of $42.51 billion, a PE ratio of 42.58, a P/E/G ratio of 2.14 and a beta of 0.75. The business's 50 day simple moving average is $162.35 and its 200-day simple moving average is $151.15.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wedbush restated an "outperform" rating and set a $210.00 price objective on shares of Electronic Arts in a research report on Monday, August 25th. Argus set a $170.00 price objective on shares of Electronic Arts in a research report on Friday, May 16th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an "equal weight" rating in a research report on Monday, July 28th. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective on the stock in a research report on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $167.12.

Insider Activity

In other news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.06, for a total transaction of $171,060.00. Following the sale, the chief financial officer directly owned 15,140 shares in the company, valued at $2,589,848.40. This trade represents a 6.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total transaction of $429,225.00. Following the sale, the insider owned 55,592 shares in the company, valued at $9,544,590.48. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,900 shares of company stock worth $4,778,597. 0.24% of the stock is currently owned by insiders.

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.