4,668 Shares in Electronic Arts Inc. $EA Bought by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,668 shares of the game software company’s stock, valued at approximately $954,000.

Several other large investors also recently modified their holdings of EA. Pentwater Capital Management LP bought a new stake in shares of Electronic Arts in the third quarter worth $968,160,000. Norges Bank bought a new stake in Electronic Arts during the fourth quarter valued at about $643,674,000. Ameriprise Financial Inc. grew its holdings 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 purchasing an additional 1,300,336 shares during the period. Man Group plc grew its holdings in Electronic Arts by 165.5% during the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock valued at $204,296,000 after purchasing an additional 797,461 shares during the period. Finally, Quinn Opportunity Partners LLC bought a new stake in Electronic Arts during the third quarter valued at about $156,760,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $203.27 on Monday. The stock’s 50-day simple moving average is $202.23 and its 200-day simple moving average is $202.37. Electronic Arts Inc. has a 52 week low of $146.97 and a 52 week high of $204.88. The company has a market capitalization of $50.97 billion, a price-to-earnings ratio of 58.24, a PEG ratio of 2.29 and a beta of 0.65. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on EA. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Citigroup boosted their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Electronic Arts has a consensus 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 business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares in the company, valued at $5,233,547.76. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total value of $508,025.00. Following the completion of the transaction, the insider owned 43,343 shares in the company, valued at $8,807,731.03. The trade was a 5.45% 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. Over the last ninety days, insiders sold 31,206 shares of company stock valued at $6,293,083. Insiders own 0.24% of the company’s stock.

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.