Cetera Trust Company N.A Sells 75 Shares of Electronic Arts Inc. (NASDAQ:EA)

Cetera Trust Company N.A lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 433 shares of the game software company’s stock after selling 75 shares during the period. Cetera Trust Company N.A’s holdings in Electronic Arts were worth $63,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the period. Claro Advisors LLC lifted its position in shares of Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after purchasing an additional 75 shares during the period. Prime Capital Investment Advisors LLC lifted its position in shares of Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after purchasing an additional 76 shares during the period. Ballentine Partners LLC lifted its position in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after purchasing an additional 83 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now directly owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the completion of the transaction, the chief executive officer now directly owns 51,747 shares of the company’s stock, valued at $7,548,334.89. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,500 shares of company stock valued at $3,637,660. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Down 0.2 %

Shares of Electronic Arts stock opened at $143.05 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The firm’s 50-day moving average is $154.65 and its two-hundred day moving average is $149.25. The stock has a market cap of $37.52 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.86 and a beta of 0.80.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Wall Street Analyst Weigh In

EA has been the subject of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $160.00 price target (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. UBS Group lifted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.68.

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.