First National Trust Co Sells 315 Shares of Electronic Arts Inc. (NASDAQ:EA)

First National Trust Co lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 10.8% during the 3rd quarter, Holdings Channel reports. The firm owned 2,614 shares of the game software company’s stock after selling 315 shares during the quarter. First National Trust Co’s holdings in Electronic Arts were worth $375,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EA. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the 3rd quarter worth $25,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the 2nd quarter worth about $28,000. Family Firm Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter valued at about $33,000. New Covenant Trust Company N.A. purchased a new stake in shares of Electronic Arts in the 1st quarter worth approximately $35,000. Finally, Reston Wealth Management LLC bought a new position in shares of Electronic Arts during the third quarter valued at approximately $36,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on EA shares. Benchmark restated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Stock Performance

Shares of EA stock opened at $162.72 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $163.00. The business’s 50 day moving average is $146.46 and its two-hundred day moving average is $142.05. The company has a market capitalization of $42.68 billion, a P/E ratio of 41.83, a P/E/G ratio of 2.13 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.