Plato Investment Management Ltd Has $1.23 Million Stock Holdings in Electronic Arts Inc. $EA

Plato Investment Management Ltd boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,058.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,737 shares of the game software company’s stock after buying an additional 7,069 shares during the quarter. Plato Investment Management Ltd’s holdings in Electronic Arts were worth $1,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EA. Salomon & Ludwin LLC raised its position in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares during the last quarter. Bank of Jackson Hole Trust raised its position in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. Frazier Financial Advisors LLC raised its position in shares of Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Electronic Arts during the 1st quarter valued at $39,000. Finally, Costello Asset Management INC bought a new stake in shares of Electronic Arts during the 1st quarter valued at $40,000. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Arete Research set a $192.00 target price on shares of Electronic Arts in a research report on Tuesday, August 5th. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. BMO Capital Markets upped their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research report on Tuesday, September 30th. TD Cowen cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Finally, Argus set a $210.00 price objective on shares of Electronic Arts in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has assigned 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 $181.64.

Electronic Arts Price Performance

EA opened at $200.06 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75. The company has a fifty day simple moving average of $186.18 and a 200 day simple moving average of $165.15. The stock has a market cap of $50.06 billion, a P/E ratio of 58.50, a P/E/G ratio of 3.04 and a beta of 0.77.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is 22.22%.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the completion of the transaction, the insider owned 55,592 shares in the company, valued at approximately $9,544,590.48. This represents a 4.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. This trade represents a 8.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 39,400 shares of company stock worth $7,359,462. 0.24% of the stock is currently owned by insiders.

About Electronic Arts

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.