TriaGen Wealth Management LLC Cuts Stake in Electronic Arts Inc. $EA

TriaGen Wealth Management LLC trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 50.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,423 shares of the game software company’s stock after selling 14,633 shares during the quarter. Electronic Arts comprises 0.8% of TriaGen Wealth Management LLC’s portfolio, making the stock its 28th largest position. TriaGen Wealth Management LLC’s holdings in Electronic Arts were worth $2,909,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp boosted its holdings in Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after acquiring an additional 932,024 shares during the last quarter. Ninety One UK Ltd increased its position in Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after purchasing an additional 193,442 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after buying an additional 1,300,336 shares in the last quarter. Invesco Ltd. grew its stake in Electronic Arts by 10.1% during the second quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock worth $656,735,000 after buying an additional 378,824 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Electronic Arts by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,819,359 shares of the game software company’s stock worth $407,454,000 after acquiring an additional 155,402 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.0%

Shares of NASDAQ:EA opened at $204.41 on Monday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $204.88. The company’s fifty day moving average is $202.49 and its two-hundred day moving average is $182.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $51.12 billion, a price-to-earnings ratio of 59.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $1.11 EPS. Electronic Arts’s revenue was down 12.6% compared to the same quarter last year. Equities analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were issued 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 of this dividend was Wednesday, December 3rd. Electronic Arts’s payout ratio is 22.22%.

Wall Street Analyst Weigh In

EA has been the topic of several research reports. UBS Group set a $210.00 price objective on Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. HSBC downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target for the company. in a research report on Monday, September 29th. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. DZ Bank lowered shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, BMO Capital Markets boosted their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $181.21.

Insider Activity at Electronic Arts

In other news, Director Jeff Huber sold 79,381 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $201.17, for a total value of $15,969,075.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $1,020,550.00. Following the sale, the chief executive officer directly owned 43,858 shares in the company, valued at approximately $8,951,856.38. The trade was a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 122,469 shares of company stock worth $24,650,681 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

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.