Electronic Arts Inc. $EA Shares Sold by First Horizon Corp

Key Points

• First Horizon Corp trimmed its stake in Electronic Arts by 82.4% in Q4, selling 61,280 shares and leaving 13,118 shares worth about $2.68 million.
• Insiders sold stock on April 15 under pre-arranged Rule 10b5-1 plans — CEO Andrew Wilson sold 5,000 shares (~$1.02M) and Vijayanthimala Singh sold 1,200 shares (~$244k); insiders have sold 27,600 shares (~$5.54M) in the last 90 days and now own 0.24%.
• Wall Street has a consensus Hold rating with a $188.30 price target, while EA shares trade around $204 near their 52‑week high and the company has a market cap of roughly $51 billion.

First Horizon Corp trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 82.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,118 shares of the game software company's stock after selling 61,280 shares during the period. First Horizon Corp's holdings in Electronic Arts were worth $2,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EA. Ameriflex Group Inc. boosted its stake in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company's stock valued at $28,000 after purchasing an additional 69 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company's stock worth $34,000 after acquiring an additional 95 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company's stock worth $46,000 after acquiring an additional 190 shares during the period. Finally, Tidemark LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $50,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total transaction of $243,900.00. Following the completion of the sale, the insider directly owned 28,760 shares of the company's stock, valued at $5,845,470. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total transaction of $1,016,050.00. Following the sale, the chief executive officer directly owned 23,858 shares of the company's stock, valued at approximately $4,848,184.18. This represents a 17.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,600 shares of company stock valued at $5,544,159 in the last ninety days. Company insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research analyst reports. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup reduced their price target on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating for the company in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $188.30.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $203.83 on Monday. Electronic Arts Inc. has a 52 week low of $141.04 and a 52 week high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $51.01 billion, a PE ratio of 76.63, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. The company's 50-day moving average price is $201.48 and its two-hundred day moving average price is $202.04.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's payout ratio is currently 28.57%.

About Electronic Arts

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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