First Horizon Corp Has $1.45 Million Holdings in Electronic Arts Inc. $EA

First Horizon Corp decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 45.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,100 shares of the game software company’s stock after selling 6,018 shares during the quarter. First Horizon Corp’s holdings in Electronic Arts were worth $1,447,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EA. Optas LLC increased its holdings in Electronic Arts by 4.2% in the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock valued at $272,000 after buying an additional 54 shares during the period. Salomon & Ludwin LLC lifted its holdings in shares of Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares during the period. Macroview Investment Management LLC lifted its holdings in shares of Electronic Arts by 6.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after acquiring an additional 62 shares during the period. 44 Wealth Management LLC boosted its position in shares of Electronic Arts by 0.9% during the 3rd quarter. 44 Wealth Management LLC now owns 7,555 shares of the game software company’s stock worth $1,524,000 after acquiring an additional 68 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Electronic Arts by 8.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 931 shares of the game software company’s stock worth $190,000 after acquiring an additional 69 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jacob J. Schatz sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the sale, the executive vice president owned 42,287 shares of the company’s stock, valued at $8,507,721.53. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the sale, the insider owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% decrease in their position. 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 quarter, insiders have sold 39,906 shares of company stock valued at $8,060,033. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Finally, Citigroup boosted their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Trading Down 0.1%

Shares of Electronic Arts stock opened at $206.41 on Friday. The firm’s 50 day moving average is $202.76 and its 200 day moving average is $202.54. The firm has a market capitalization of $51.76 billion, a PE ratio of 59.14, a price-to-earnings-growth ratio of 2.32 and a beta of 0.64. Electronic Arts Inc. has a 1 year low of $146.97 and a 1 year high of $206.63. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th were paid 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, May 27th. Electronic Arts’s payout ratio is presently 21.78%.

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.