Atria Investments Inc Sells 5,452 Shares of Electronic Arts Inc. $EA

Atria Investments Inc cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 32.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,413 shares of the game software company’s stock after selling 5,452 shares during the quarter. Atria Investments Inc’s holdings in Electronic Arts were worth $2,302,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Walter Public Investments Inc. grew its position in shares of Electronic Arts by 41.7% during the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock valued at $9,685,000 after acquiring an additional 14,134 shares during the period. NatWest Group plc purchased a new position in Electronic Arts during the third quarter valued at $10,414,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Electronic Arts during the second quarter valued at about $287,000. Bank of Montreal Can increased its position in Electronic Arts by 14.3% in the second quarter. Bank of Montreal Can now owns 326,682 shares of the game software company’s stock worth $52,171,000 after buying an additional 40,848 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Electronic Arts by 35.4% in the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock worth $78,859,000 after buying an additional 102,248 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.30, for a total transaction of $245,160.00. Following the transaction, the insider owned 32,360 shares of the company’s stock, valued at approximately $6,611,148. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.26, for a total value of $1,021,300.00. Following the completion of the sale, the chief executive officer owned 38,858 shares in the company, valued at approximately $7,937,135.08. The trade was a 11.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 115,069 shares of company stock worth $23,194,130. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EA shares. Morgan Stanley boosted their price objective on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Argus set a $210.00 price objective on shares of Electronic Arts in a research note on Thursday, October 30th. Citigroup decreased their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Benchmark reissued a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $186.95.

Electronic Arts Price Performance

NASDAQ:EA opened at $200.62 on Tuesday. The firm has a market capitalization of $50.21 billion, a price-to-earnings ratio of 75.42, a PEG ratio of 2.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $203.40 and a 200-day simple moving average of $193.21. Electronic Arts Inc. has a 1 year low of $128.02 and a 1 year high of $204.88.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th 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 is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.