Camelot Portfolios LLC Trims Holdings in Electronic Arts Inc. $EA

Camelot Portfolios LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,052 shares of the game software company’s stock after selling 357 shares during the period. Camelot Portfolios LLC’s holdings in Electronic Arts were worth $328,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EA. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the 1st quarter valued at about $28,000. Bank of Jackson Hole Trust raised its stake in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after acquiring an additional 75 shares during the period. Wayfinding Financial LLC bought a new stake in Electronic Arts during the 1st quarter worth approximately $39,000. American National Bank & Trust bought a new stake in shares of Electronic Arts during the first quarter valued at approximately $40,000. Finally, Costello Asset Management INC purchased a new position in shares of Electronic Arts in the first quarter valued at $40,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on EA. Wall Street Zen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup reiterated a “neutral” rating on shares of Electronic Arts in a research report on Friday. Robert W. Baird upped their target price on Electronic Arts from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. UBS Group set a $167.00 price objective on Electronic Arts and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the stock an “equal weight” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $167.40.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $152.21, for a total value of $761,050.00. Following the completion of the sale, the chief executive officer owned 57,393 shares in the company, valued at approximately $8,735,788.53. This trade represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the completion of the sale, the insider owned 34,731 shares of the company’s stock, valued at approximately $5,957,061.12. This trade represents a 3.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,800 shares of company stock valued at $5,077,960. 0.24% of the stock is owned by insiders.

Electronic Arts Trading Up 14.9%

EA opened at $193.35 on Friday. The business’s 50 day moving average is $167.67 and its two-hundred day moving average is $154.56. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $197.33. The firm has a market cap of $48.38 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s payout ratio is presently 19.05%.

About Electronic Arts

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.