Electronic Arts Inc. $EA Shares Sold by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 6.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,333 shares of the game software company’s stock after selling 99 shares during the period. Gratus Wealth Advisors LLC’s holdings in Electronic Arts were worth $213,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter worth approximately $28,000. Bank of Jackson Hole Trust lifted its holdings in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Electronic Arts in the first quarter valued at about $39,000. Costello Asset Management INC purchased a new position in shares of Electronic Arts during the 1st quarter valued at approximately $40,000. Finally, ORG Partners LLC grew its holdings in Electronic Arts by 47.6% during the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock worth $40,000 after acquiring an additional 81 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EA has been the subject of several research reports. Robert W. Baird reiterated a “neutral” rating and issued a $210.00 target price (up previously from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Wedbush reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Electronic Arts in a report on Monday, September 29th. Roth Capital cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $210.00 in a report on Thursday. Citigroup restated a “neutral” rating on shares of Electronic Arts in a research report on Friday, September 26th. Finally, Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and increased their price objective for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $177.00.

Electronic Arts Stock Performance

EA opened at $200.69 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $172.45 and its 200-day moving average is $156.76. The stock has a market cap of $50.21 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 3.03 and a beta of 0.77. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.05%.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the completion of the transaction, the insider directly owned 53,092 shares in the company, valued at $10,713,434.68. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $171.52, for a total transaction of $205,824.00. Following the transaction, the executive vice president owned 26,080 shares in the company, valued at $4,473,241.60. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock worth $7,247,635 in the last three months. Insiders own 0.24% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.