Trust Co. of Oklahoma Decreases Stake in Electronic Arts Inc. (NASDAQ:EA)

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

A number of other institutional investors also recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC boosted its stake in shares of Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after acquiring an additional 989,319 shares in the last quarter. FMR LLC boosted its stake in shares of Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock worth $176,709,000 after acquiring an additional 835,985 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Electronic Arts by 130.0% during the 4th quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company's stock worth $175,758,000 after acquiring an additional 679,032 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Electronic Arts by 11,587.9% during the 1st quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock worth $96,737,000 after acquiring an additional 663,640 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $96,698,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Down 1.0%

Shares of EA stock traded down $1.57 on Friday, reaching $148.48. 1,703,905 shares of the stock were exchanged, compared to its average volume of 2,755,660. The stock has a market cap of $37.23 billion, a P/E ratio of 37.78, a price-to-earnings-growth 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. The firm has a 50 day moving average of $146.88 and a two-hundred day moving average of $143.29. 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. Investors of record on Wednesday, May 28th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EA shares. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Wednesday, May 7th. Citigroup reissued a "neutral" rating and set a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. DA Davidson started coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target on the stock. JPMorgan Chase & Co. upped their target price on Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group upped their target price on Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Fifteen 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $161.88.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This represents a 13.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $145.56, for a total transaction of $145,560.00. Following the completion of the transaction, the insider now directly owns 25,216 shares of the company's stock, valued at approximately $3,670,440.96. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,729 shares of company stock valued at $4,107,664. Company insiders own 0.22% of the company's stock.

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.