Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Trust Co. of Oklahoma

Trust Co. of Oklahoma raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,236 shares of the game software company’s stock after purchasing an additional 118 shares during the quarter. Trust Co. of Oklahoma’s holdings in Electronic Arts were worth $912,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EA. Larson Financial Group LLC grew its holdings in shares of Electronic Arts by 31.8% during 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 Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after buying an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after buying an additional 76 shares during the period. Ballentine Partners LLC increased its position in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after acquiring an additional 82 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake 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 valued at $708,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction 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 approximately $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,500 shares of company stock worth $4,351,060. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $142.35 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current 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 simple moving average is $154.24 and its 200-day simple moving average is $149.20. The firm has a market cap of $37.33 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80.

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research reports. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday. BMO Capital Markets lowered Electronic Arts from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $160.00 to $145.00 in a research report on Thursday. Finally, Argus increased their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.89.

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.