Diversified Trust Co Decreases Stake in Electronic Arts Inc. (NASDAQ:EA)

Diversified Trust Co lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 21.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,428 shares of the game software company’s stock after selling 4,178 shares during the period. Diversified Trust Co’s holdings in Electronic Arts were worth $2,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Pensionfund Sabic raised its stake in shares of Electronic Arts by 36.6% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the game software company’s stock valued at $1,639,000 after purchasing an additional 3,000 shares during the period. Nordea Investment Management AB grew its holdings in Electronic Arts by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 169,083 shares of the game software company’s stock valued at $24,845,000 after buying an additional 9,580 shares in the last quarter. Everence Capital Management Inc. increased its position in shares of Electronic Arts by 7.4% during the fourth quarter. Everence Capital Management Inc. now owns 8,265 shares of the game software company’s stock valued at $1,209,000 after buying an additional 570 shares during the period. GAMMA Investing LLC increased its position in shares of Electronic Arts by 25.1% during the fourth quarter. GAMMA Investing LLC now owns 5,727 shares of the game software company’s stock valued at $838,000 after buying an additional 1,150 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Electronic Arts by 9,280.0% in the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock worth $69,000 after buying an additional 464 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. The trade was a 8.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the sale, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,500 shares of company stock valued at $3,639,565. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Stock Down 0.4 %

EA opened at $144.67 on Wednesday. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $157.33 and its 200-day moving average price is $149.03. The company has a market cap of $37.94 billion, a P/E ratio of 37.19, a P/E/G ratio of 2.14 and a beta of 0.80.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts’s payout ratio is currently 19.54%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $167.00 price target on shares of Electronic Arts in a report on Wednesday, December 18th. Morgan Stanley reissued an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Wedbush restated an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. Finally, Benchmark reissued a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.37.

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.