Trust Co. of Oklahoma Sells 4,812 Shares of Electronic Arts Inc. (NASDAQ:EA)

Trust Co. of Oklahoma trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 77.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,424 shares of the game software company's stock after selling 4,812 shares during the period. Trust Co. of Oklahoma's holdings in Electronic Arts were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EA. Harbor Capital Advisors Inc. purchased a new position in Electronic Arts in the first quarter valued at $693,000. Tounjian Advisory Partners LLC acquired a new stake in shares of Electronic Arts during the 1st quarter valued at about $637,000. Pallas Capital Advisors LLC increased its stake in shares of Electronic Arts by 95.1% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,301 shares of the game software company's stock valued at $622,000 after purchasing an additional 2,096 shares in the last quarter. Procyon Advisors LLC acquired a new position in Electronic Arts in the 1st quarter worth about $739,000. Finally, Vest Financial LLC purchased a new position in Electronic Arts during the first quarter worth approximately $38,014,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on EA. Morgan Stanley upped their target price on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Oppenheimer increased their price objective on shares of Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. TD Cowen boosted their target price on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Fifteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $161.88.

Electronic Arts Trading Up 0.2%

Shares of Electronic Arts stock traded up $0.24 during trading hours on Tuesday, hitting $147.16. The company's stock had a trading volume of 4,221,027 shares, compared to its average volume of 2,756,522. The business has a fifty day moving average of $145.95 and a 200 day moving average of $143.44. The company has a market capitalization of $36.90 billion, a PE ratio of 37.45, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts's payout ratio is currently 17.92%.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at $4,647,637.50. This trade represents a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the transaction, the insider now directly owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,729 shares of company stock worth $4,107,664. 0.22% of the stock is currently owned by company insiders.

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.