TriaGen Wealth Management LLC Invests $4.64 Million in Electronic Arts Inc. $EA

Key Points

• TriaGen Wealth Management LLC has invested $4.64 million in Electronic Arts Inc., acquiring 29,056 shares, which represents approximately 1.4% of the firm's investment portfolio.
• Multiple institutional investors, including Vanguard Group and Goldman Sachs Group, have also recently adjusted their holdings in Electronic Arts, highlighting strong interest from the investment community.
• Electronic Arts announced a quarterly dividend of $0.19 per share, contributing to an annualized dividend yield of 0.4%, with a dividend payout ratio of 19.05%.

TriaGen Wealth Management LLC acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,056 shares of the game software company's stock, valued at approximately $4,640,000. Electronic Arts makes up approximately 1.4% of TriaGen Wealth Management LLC's investment portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EA. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 0.5% during the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock worth $4,198,607,000 after buying an additional 150,438 shares in the last quarter. Ninety One UK Ltd grew its position in Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company's stock worth $695,645,000 after acquiring an additional 193,442 shares during the last quarter. Independent Franchise Partners LLP raised its position in Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock valued at $570,233,000 after purchasing an additional 88,767 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Electronic Arts by 15.6% during the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock valued at $539,563,000 after purchasing an additional 504,760 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after purchasing an additional 1,254,194 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction that occurred on 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 directly owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer owned 52,393 shares in the company, valued at $8,961,822.65. The trade was a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock valued at $7,247,635 over the last 90 days. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Down 0.1%

EA opened at $200.46 on Tuesday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The company has a fifty day moving average of $173.42 and a 200-day moving average of $157.15. The stock has a market cap of $50.16 billion, a PE ratio of 50.24, a price-to-earnings-growth ratio of 3.03 and a beta of 0.77. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a $0.19 dividend. The ex-dividend date of this dividend 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 19.05%.

Wall Street Analysts Forecast Growth

EA has been the topic of several recent research reports. Oppenheimer downgraded shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 30th. HSBC downgraded shares of Electronic Arts from a "buy" rating to a "hold" rating and set a $191.00 price target for the company. in a research note on Monday, September 29th. Cowen lowered shares of Electronic Arts from a "buy" rating to a "hold" rating in a report on Wednesday, October 1st. UBS Group set a $210.00 price objective on Electronic Arts and gave the company a "neutral" rating in a report on Tuesday, September 30th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $210.00 target price (up from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus 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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