Diversified Trust Co Cuts Stock Holdings in Electronic Arts Inc. $EA

Diversified Trust Co lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 30.4% during the first quarter, Holdings Channel.com reports. The firm owned 8,410 shares of the game software company’s stock after selling 3,681 shares during the quarter. Diversified Trust Co’s holdings in Electronic Arts were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Greenland Capital Management LP acquired a new stake in Electronic Arts in the third quarter valued at $5,569,000. Swiss Life Asset Management Ltd grew its stake in shares of Electronic Arts by 75.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock worth $17,194,000 after purchasing an additional 36,769 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Electronic Arts by 9.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company’s stock worth $22,650,000 after purchasing an additional 9,297 shares during the period. Barometer Capital Management Inc. acquired a new position in shares of Electronic Arts during the 3rd quarter worth $4,503,000. Finally, Nordea Investment Management AB increased its holdings in shares of Electronic Arts by 33.6% in the 4th quarter. Nordea Investment Management AB now owns 227,893 shares of the game software company’s stock valued at $46,554,000 after purchasing an additional 57,268 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.4%

Shares of EA stock opened at $202.97 on Tuesday. Electronic Arts Inc. has a fifty-two week low of $146.97 and a fifty-two week high of $204.88. The stock has a market cap of $50.89 billion, a P/E ratio of 58.16, a P/E/G ratio of 2.27 and a beta of 0.65. The business has a fifty day simple moving average of $202.13 and a 200-day simple moving average of $202.39. 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 was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Electronic Arts’s dividend payout ratio is presently 21.78%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the transaction, the insider owned 26,360 shares of the company’s stock, valued at approximately $5,351,080. The trade was a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 39,906 shares of company stock worth $8,060,033 in the last 90 days. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of several recent analyst reports. Citigroup raised 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. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Company 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.