Electronic Arts Inc. $EA Shares Bought by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Electronic Arts Inc. by 34.8% in the second quarter, acquiring an additional 10,453 shares, bringing the total to 40,483 shares valued at approximately $6.47 million.
• CEO Andrew Wilson and CFO Stuart Canfield sold significant amounts of Electronic Arts stock, with Wilson selling 5,000 shares for $863,950 and Canfield selling 6,500 shares for $1.32 million, indicating potential insider sentiment changes.
• Electronic Arts has a consensus rating of "Hold" from analysts, with an average price target of $177.00, despite fluctuations in ratings from various research reports.

Vanguard Personalized Indexing Management LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 34.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,483 shares of the game software company's stock after acquiring an additional 10,453 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Electronic Arts were worth $6,467,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of Electronic Arts in the second quarter worth approximately $100,000. Concurrent Investment Advisors LLC boosted its position in shares of Electronic Arts by 7.8% in the second quarter. Concurrent Investment Advisors LLC now owns 2,455 shares of the game software company's stock worth $392,000 after acquiring an additional 178 shares during the last quarter. Fulcrum Capital LLC boosted its position in shares of Electronic Arts by 0.6% in the second quarter. Fulcrum Capital LLC now owns 46,043 shares of the game software company's stock worth $7,353,000 after acquiring an additional 287 shares during the last quarter. Lindenwold Advisors INC boosted its position in shares of Electronic Arts by 1.4% in the second quarter. Lindenwold Advisors INC now owns 11,648 shares of the game software company's stock worth $1,860,000 after acquiring an additional 160 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Electronic Arts in the second quarter worth approximately $96,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the topic of several research analyst reports. Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Hsbc Global Res cut shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Jefferies Financial Group lowered shares of Electronic Arts from a "buy" rating to a "hold" rating and increased their price objective for the stock from $200.00 to $210.00 in a research report on Tuesday, September 30th. Roth Capital lowered shares of Electronic Arts from a "buy" rating to a "neutral" rating and lifted their target price for the company from $185.00 to $210.00 in a report on Thursday, October 2nd. Finally, Wedbush restated a "neutral" rating and set a $200.00 target price on shares of Electronic Arts in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $177.00.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total transaction of $863,950.00. Following the sale, the chief executive officer owned 47,393 shares in the company, valued at $8,189,036.47. This trade represents a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the sale, the chief financial officer owned 5,140 shares in the company, valued at $1,045,476. This represents a 55.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,500 shares of company stock valued at $7,025,155. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Up 0.1%

EA opened at $200.29 on Tuesday. The firm has a market capitalization of $50.11 billion, a P/E ratio of 50.20, a P/E/G ratio of 3.04 and a beta of 0.77. The firm's 50 day moving average is $177.96 and its 200-day moving average is $159.09. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. 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 Dividend Announcement

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