Fairvoy Private Wealth LLC Makes New $1.69 Million Investment in Electronic Arts Inc. $EA

Key Points

• Fairvoy Private Wealth LLC invested approximately $1.69 million in Electronic Arts by purchasing 10,590 shares in the second quarter.
• Several institutional investors, including MassMutual Private Wealth and Bank of Jackson Hole Trust, have also increased their holdings in Electronic Arts, indicating strong institutional confidence in the company.
• The company's CEO and CFO recently sold a significant number of shares, with CEO Andrew Wilson selling 5,000 shares and CFO Stuart Canfield selling 6,500 shares, reflecting a notable shift in insider ownership.

Fairvoy Private Wealth LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,590 shares of the game software company's stock, valued at approximately $1,691,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Electronic Arts by 3.7% in 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. Bank of Jackson Hole Trust raised its position in Electronic Arts by 56.4% during the 1st 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. Financial Management Professionals Inc. raised its position in Electronic Arts by 13.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company's stock worth $102,000 after buying an additional 76 shares during the last quarter. Clarius Group LLC raised its position in Electronic Arts by 3.6% during the 1st 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. Finally, Conning Inc. raised its position in Electronic Arts by 4.7% during the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company's stock worth $253,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction 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 of the company's stock, valued at $8,189,036.47. The trade was a 9.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the sale, the chief financial officer directly owned 5,140 shares in the company, valued at approximately $1,045,476. This trade represents a 55.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock worth $7,247,635 in the last ninety days. Company insiders own 0.24% of the company's stock.

Electronic Arts Price Performance

Electronic Arts stock opened at $200.69 on Friday. The company's fifty day moving average price is $172.45 and its 200 day moving average price is $156.57. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The stock has a market capitalization of $50.21 billion, a P/E ratio of 50.30, a P/E/G ratio of 3.04 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 Announces Dividend

The business 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 of this dividend was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is currently 19.05%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EA. Roth Capital lowered shares of Electronic Arts from a "buy" rating to a "neutral" rating and raised their price target for the stock from $185.00 to $210.00 in a research report on Thursday. Baird R W lowered shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Robert W. Baird reaffirmed a "neutral" rating and set a $210.00 price objective (up previously from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Electronic Arts in a research note on Saturday, September 27th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Electronic Arts in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $177.00.

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.

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