Electronic Arts Inc. (NASDAQ:EA) Position Cut by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,712 shares of the game software company’s stock after selling 413 shares during the quarter. Raymond James Trust N.A.’s holdings in Electronic Arts were worth $963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EA. Huntington National Bank boosted its stake in Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Electronic Arts by 34.9% during the 2nd quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock valued at $1,982,000 after purchasing an additional 3,681 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in Electronic Arts during the 3rd quarter valued at $5,597,000. Chesapeake Capital Corp IL bought a new position in Electronic Arts during the 3rd quarter valued at $950,000. Finally, Czech National Bank boosted its stake in Electronic Arts by 8.3% during the 2nd quarter. Czech National Bank now owns 46,360 shares of the game software company’s stock valued at $6,459,000 after purchasing an additional 3,554 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Roth Mkm raised their price objective on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Price Performance

NASDAQ EA opened at $166.67 on Monday. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The stock’s 50-day moving average is $149.36 and its two-hundred day moving average is $143.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $43.71 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.46%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total value of $223,980.00. Following the sale, the executive vice president now directly owns 27,860 shares in the company, valued at approximately $4,160,055.20. This trade represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,884 shares of company stock worth $4,404,435 over the last three months. Corporate insiders own 0.22% of the company’s stock.

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.