Shell Asset Management Co. Has $3.43 Million Stock Position in Electronic Arts Inc. $EA

Key Points

• Shell Asset Management Co. increased its stake in Electronic Arts Inc. by 26.6% during the second quarter, owning 21,497 shares valued at approximately $3.43 million.
• CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock at an average price of $171.05, reducing his holdings by 8.71%.
• Electronic Arts recently declared a quarterly dividend of $0.19 per share, representing an annualized dividend yield of 0.4%.

Shell Asset Management Co. grew its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 26.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,497 shares of the game software company's stock after purchasing an additional 4,520 shares during the quarter. Shell Asset Management Co.'s holdings in Electronic Arts were worth $3,433,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EA. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $28,000. Bank of Jackson Hole Trust lifted its stake in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after purchasing an additional 75 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $39,000. Costello Asset Management INC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $40,000. Finally, ORG Partners LLC raised its stake in Electronic Arts by 47.6% during the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company's stock worth $40,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the completion of the transaction, the chief executive officer owned 52,393 shares in the company, valued at $8,961,822.65. This trade represents a 8.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider owned 58,092 shares of the company's stock, valued at $9,032,725.08. The trade was a 4.13% 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 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $200.02 on Wednesday. The stock has a market capitalization of $50.05 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 3.03 and a beta of 0.77. The business has a 50-day moving average of $174.46 and a 200-day moving average of $157.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were issued a $0.19 dividend. 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 (DPR) is presently 19.05%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EA. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Electronic Arts in a research note on Saturday, September 27th. Baird R W downgraded Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. BMO Capital Markets raised their price objective on Electronic Arts from $166.00 to $210.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 30th. Argus raised their price objective on Electronic Arts from $180.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, September 30th. Finally, DZ Bank downgraded Electronic Arts from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, September 29th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $177.00.

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.

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