Cetera Trust Company N.A Sells 1,315 Shares of Electronic Arts Inc. (NASDAQ:EA)

Cetera Trust Company N.A lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 72.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 508 shares of the game software company’s stock after selling 1,315 shares during the period. Cetera Trust Company N.A’s holdings in Electronic Arts were worth $73,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EA. North Star Investment Management Corp. grew its holdings in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in Electronic Arts in the 1st quarter worth $27,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts in the 2nd quarter worth $28,000. Family Firm Inc. bought a new stake in Electronic Arts in the 2nd quarter worth $33,000. Finally, New Covenant Trust Company N.A. bought a new stake in Electronic Arts in the 1st quarter worth $35,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA traded down $0.14 during trading on Tuesday, hitting $145.57. 406,043 shares of the company traded hands, compared to its average volume of 2,049,965. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.68 billion, a PE ratio of 31.19, a P/E/G ratio of 1.95 and a beta of 0.79. Electronic Arts Inc. has a 1 year low of $119.92 and a 1 year high of $153.51. The stock’s 50-day simple moving average is $145.16 and its two-hundred day simple moving average is $139.23.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s payout ratio is currently 16.24%.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a research note on Wednesday, October 16th. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. UBS Group lifted their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $161.94.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the sale, the executive vice president now owns 24,860 shares in the company, valued at approximately $3,597,739.20. The trade was a 0.00 % decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the sale, the insider now owns 30,190 shares of the company’s stock, valued at $4,579,823. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,770 shares of company stock valued at $3,643,785. 0.22% of the stock is currently owned by insiders.

Electronic Arts 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.