Electronic Arts Inc. $EA Shares Acquired by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its stake in Electronic Arts Inc. by 41.6%, owning 9,986 shares valued at approximately $1.6 million after purchasing additional shares.
• Corporate insiders have sold 41,900 shares of Electronic Arts stock recently, with CEO Andrew Wilson selling 5,000 shares valued at over $855,000.
• Electronic Arts declared a quarterly dividend of $0.19 per share, resulting in a 0.4% dividend yield and a payout ratio of 19.05%.

Sequoia Financial Advisors LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 41.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,986 shares of the game software company's stock after purchasing an additional 2,933 shares during the period. Sequoia Financial Advisors LLC's holdings in Electronic Arts were worth $1,595,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in Electronic Arts in the second quarter valued at $214,000. Focus Partners Advisor Solutions LLC acquired a new stake in Electronic Arts in the first quarter valued at $319,000. Vest Financial LLC raised its holdings in Electronic Arts by 5.7% in the second quarter. Vest Financial LLC now owns 278,069 shares of the game software company's stock valued at $44,408,000 after acquiring an additional 15,032 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Electronic Arts by 34.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company's stock valued at $6,467,000 after acquiring an additional 10,453 shares in the last quarter. Finally, CCM Investment Group LLC acquired a new stake in Electronic Arts in the first quarter valued at $1,625,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EA. Citigroup reaffirmed a "neutral" rating on shares of Electronic Arts in a report on Friday, September 26th. Wedbush reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Electronic Arts in a report on Monday, September 29th. DZ Bank cut shares of Electronic Arts from a "strong-buy" rating to a "strong sell" rating in a report on Monday, September 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Electronic Arts in a report on Wednesday, October 8th. Finally, Roth Capital cut shares of Electronic Arts from a "buy" rating to a "neutral" rating and increased their target price for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $177.00.

Electronic Arts Stock Down 0.2%

Electronic Arts stock opened at $200.35 on Friday. The company has a 50-day simple moving average of $180.25 and a 200-day simple moving average of $160.04. The firm has a market capitalization of $50.13 billion, a P/E ratio of 50.21, a P/E/G ratio of 3.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. 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 currently 19.05%.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company's 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 completion of the transaction, the chief executive officer owned 52,393 shares in the company, valued at approximately $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the transaction, the insider owned 55,592 shares of the company's stock, valued at $9,544,590.48. This represents a 4.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,900 shares of company stock valued at $7,506,487. Corporate insiders own 0.24% of the company's stock.

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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