Electronic Arts Inc. $EA Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 33.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,055 shares of the game software company’s stock after selling 2,500 shares during the period. 44 Wealth Management LLC’s holdings in Electronic Arts were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Clearstead Advisors LLC boosted its stake in Electronic Arts by 51.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,032 shares of the game software company’s stock valued at $211,000 after acquiring an additional 351 shares in the last quarter. Churchill Financial Advisors LLC acquired a new position in Electronic Arts in the fourth quarter valued at $4,041,000. Hantz Financial Services Inc. boosted its stake in Electronic Arts by 44.9% in the fourth quarter. Hantz Financial Services Inc. now owns 423 shares of the game software company’s stock valued at $86,000 after acquiring an additional 131 shares in the last quarter. Simplify Asset Management Inc. boosted its stake in Electronic Arts by 30.3% in the fourth quarter. Simplify Asset Management Inc. now owns 1,296 shares of the game software company’s stock valued at $265,000 after acquiring an additional 301 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Electronic Arts in the fourth quarter valued at $719,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EA. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup upped their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $196.64.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the sale, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the completion of the sale, the insider directly owned 27,560 shares of the company’s stock, valued at $5,534,323.60. The trade was a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 39,906 shares of company stock valued at $8,032,336. 0.24% of the stock is owned by insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $200.97 on Monday. The company has a 50-day simple moving average of $201.95 and a 200-day simple moving average of $202.25. Electronic Arts Inc. has a one year low of $141.19 and a one year high of $204.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $50.39 billion, a price-to-earnings ratio of 57.58, a PEG ratio of 2.22 and a beta of 0.66.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is presently 21.78%.

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.