FSM Wealth Advisors LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,915 shares of the game software company’s stock after selling 255 shares during the period. FSM Wealth Advisors LLC’s holdings in Electronic Arts were worth $263,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Electronic Arts during the fourth quarter worth about $270,382,000. Amundi lifted its stake in Electronic Arts by 32.4% during the fourth quarter. Amundi now owns 6,569,700 shares of the game software company’s stock worth $827,685,000 after purchasing an additional 1,608,594 shares during the last quarter. FIL Ltd lifted its stake in Electronic Arts by 91.5% during the first quarter. FIL Ltd now owns 2,910,863 shares of the game software company’s stock worth $350,613,000 after purchasing an additional 1,391,068 shares during the last quarter. Morgan Stanley lifted its stake in Electronic Arts by 62.1% during the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock worth $390,128,000 after purchasing an additional 1,223,195 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Electronic Arts by 106.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,584,441 shares of the game software company’s stock worth $190,846,000 after purchasing an additional 815,437 shares during the last quarter. Institutional investors own 90.42% of the company’s stock.
Electronic Arts Stock Up 0.0 %
EA stock traded up $0.03 on Monday, reaching $120.49. 413,876 shares of the company traded hands, compared to its average volume of 2,294,287. Electronic Arts Inc. has a one year low of $108.53 and a one year high of $140.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $32.64 billion, a P/E ratio of 37.17, a price-to-earnings-growth ratio of 2.66 and a beta of 0.90. The firm has a fifty day simple moving average of $126.67 and a 200-day simple moving average of $124.89.
Electronic Arts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.63%. Electronic Arts’s dividend payout ratio (DPR) is currently 23.53%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Truist Financial dropped their target price on Electronic Arts from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Bank of America increased their target price on Electronic Arts from $135.00 to $145.00 in a report on Thursday, July 27th. HSBC assumed coverage on Electronic Arts in a report on Tuesday, July 25th. They set a “hold” rating and a $128.00 target price for the company. Stifel Nicolaus increased their target price on Electronic Arts from $144.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird increased their target price on Electronic Arts from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Ten research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average target price of $140.43.
Insider Transactions at Electronic Arts
In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.07, for a total value of $96,856.00. Following the transaction, the insider now directly owns 30,347 shares in the company, valued at approximately $3,674,111.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Luis A. Ubinas sold 2,004 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $122.06, for a total value of $244,608.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.07, for a total value of $96,856.00. Following the completion of the transaction, the insider now directly owns 30,347 shares in the company, valued at $3,674,111.29. The disclosure for this sale can be found here. Insiders have sold a total of 22,604 shares of company stock worth $2,831,654 in the last ninety days. Insiders own 0.20% of the company’s stock.
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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