Electronic Arts Inc. $EA Shares Sold by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,333 shares of the game software company’s stock after selling 99 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in Electronic Arts were worth $213,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EA. Vanguard Group Inc. boosted its holdings in Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after purchasing an additional 150,438 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Electronic Arts by 4.6% in the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after buying an additional 193,442 shares during the last quarter. Independent Franchise Partners LLP lifted its position 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 acquiring an additional 88,767 shares during the last quarter. Invesco Ltd. boosted its stake 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 acquiring an additional 504,760 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after purchasing an additional 1,254,194 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the sale, the chief financial officer owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This represents a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the sale, the insider directly owned 33,531 shares in the company, valued at approximately $6,820,205.40. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock valued at $7,247,635 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EA shares. Citigroup restated a “neutral” rating on shares of Electronic Arts in a research note on Friday, September 26th. Wedbush restated a “neutral” rating and set a $200.00 target price on shares of Electronic Arts in a research report on Monday, September 29th. DZ Bank downgraded shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Jefferies Financial Group cut shares of Electronic Arts from a “buy” rating to a “hold” rating and increased their price target for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. Finally, BMO Capital Markets lifted their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $177.00.

Electronic Arts Price Performance

Shares of EA opened at $200.69 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $172.45 and its two-hundred day moving average is $156.76. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The firm has a market capitalization of $50.21 billion, a PE ratio of 50.30, a P/E/G ratio of 3.03 and a beta of 0.77.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders 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 dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s dividend payout ratio (DPR) 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.