First National Bank of Mount Dora Trust Investment Services Cuts Stock Holdings in Electronic Arts Inc. $EA

First National Bank of Mount Dora Trust Investment Services reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,169 shares of the game software company’s stock after selling 1,155 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Electronic Arts were worth $825,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EA. Bank of Jackson Hole Trust raised its holdings in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in Electronic Arts by 328.9% in the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Electronic Arts in the 1st quarter valued at about $39,000. Costello Asset Management INC purchased a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $40,000. Finally, ORG Partners LLC grew its stake in shares of Electronic Arts by 47.6% in the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $200.35 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $50.13 billion, a P/E ratio of 50.21, a PEG ratio of 3.05 and a beta of 0.77. The company has a 50 day moving average price of $180.25 and a 200 day moving average price of $160.04. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Electronic Arts Announces Dividend

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

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $174.65, for a total transaction of $209,580.00. Following the completion of the transaction, the executive vice president owned 27,248 shares of the company’s stock, valued at approximately $4,758,863.20. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at $8,961,822.65. This represents a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,900 shares of company stock worth $7,506,487 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EA has been the subject of several analyst reports. UBS Group set a $210.00 price target on shares of Electronic Arts and gave the company a “neutral” rating in a research note on Tuesday, September 30th. BMO Capital Markets increased their price target 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. Wall Street Zen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Argus increased their price target on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Finally, Bank of America increased their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $177.00.

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.