First National Bank of Mount Dora Trust Investment Services Sells 31,291 Shares of Electronic Arts Inc. (NASDAQ:EA)

First National Bank of Mount Dora Trust Investment Services trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 83.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,324 shares of the game software company's stock after selling 31,291 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in Electronic Arts were worth $914,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EA. Putney Financial Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth $26,000. Whipplewood Advisors LLC acquired a new position in Electronic Arts in the 4th quarter valued at $32,000. LGT Financial Advisors LLC bought a new position in Electronic Arts in the 4th quarter worth $33,000. Millstone Evans Group LLC acquired a new position in Electronic Arts during the 4th quarter worth $37,000. Finally, American National Bank & Trust bought a new stake in Electronic Arts during the first quarter valued at about $40,000. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. This represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,729 shares of company stock worth $4,107,664. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

EA traded down $1.57 during midday trading on Friday, reaching $148.48. 1,703,905 shares of the company's stock were exchanged, compared to its average volume of 2,755,660. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $146.88 and a two-hundred day simple moving average of $143.29. The firm has a market capitalization of $37.23 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts's dividend payout ratio is currently 17.92%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EA. JPMorgan Chase & Co. raised their price target on Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Oppenheimer increased their target price on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley lifted their price target on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Ascendiant Capital Markets upped their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, The Goldman Sachs Group increased their price objective on Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $161.88.

About Electronic Arts

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.