11,122 Shares in Electronic Arts Inc. $EA Acquired by Private Client Services LLC

Private Client Services LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, Holdings Channel.com reports. The fund bought 11,122 shares of the game software company’s stock, valued at approximately $1,776,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Electronic Arts by 0.5% during the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after buying an additional 150,438 shares during the period. Independent Franchise Partners LLP boosted its holdings in Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock valued at $570,233,000 after purchasing an additional 88,767 shares in the last quarter. Invesco Ltd. boosted its holdings in Electronic Arts by 15.6% in the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock valued at $539,563,000 after purchasing an additional 504,760 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Electronic Arts by 197.5% in the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock valued at $421,524,000 after purchasing an additional 1,936,313 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $174.65, for a total transaction of $209,580.00. Following the completion of the sale, the executive vice president owned 27,248 shares in the company, valued at $4,758,863.20. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the sale, the chief executive officer owned 52,393 shares of the company’s stock, valued at $8,961,822.65. This trade represents a 8.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,900 shares of company stock valued at $4,778,597. 0.24% of the stock is owned by insiders.

Electronic Arts Price Performance

EA stock opened at $172.38 on Friday. The company has a market capitalization of $43.13 billion, a P/E ratio of 43.20, a PEG ratio of 2.19 and a beta of 0.75. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $180.90. The business has a 50 day simple moving average of $162.98 and a 200-day simple moving average of $151.68. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts’s dividend payout ratio is presently 19.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Arete Research set a $192.00 price target on Electronic Arts in a report on Tuesday, August 5th. Robert W. Baird upped their price target on Electronic Arts from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. DA Davidson upped their price target on Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, August 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $210.00 price target on shares of Electronic Arts in a report on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.12.

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.