Trust Co. of Oklahoma Reduces Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Trust Co. of Oklahoma trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,245 shares of the game software company’s stock after selling 465 shares during the quarter. Trust Co. of Oklahoma’s holdings in Electronic Arts were worth $870,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EA. Vanguard Group Inc. increased its position in Electronic Arts by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares in the last quarter. Capital International Investors grew its holdings in Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after acquiring an additional 833,492 shares during the period. Ninety One UK Ltd boosted its position in Electronic Arts by 1.3% during the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after purchasing an additional 53,237 shares in the last quarter. FIL Ltd boosted its position in Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after purchasing an additional 145,466 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the sale, the insider now owns 39,374 shares in the company, valued at $5,232,017.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the sale, the insider now owns 39,374 shares in the company, valued at $5,232,017.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $132.24, for a total transaction of $330,600.00. Following the completion of the sale, the chief executive officer now directly owns 64,247 shares in the company, valued at $8,496,023.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,986 shares of company stock valued at $2,545,726. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on EA. TD Cowen raised their target price on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Benchmark boosted their target price on Electronic Arts from $153.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price target for the company from $148.00 to $161.00 in a research report on Monday, July 15th. UBS Group boosted their price target on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Raymond James boosted their price target on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.28.

Electronic Arts Price Performance

EA traded down $2.62 during trading on Thursday, hitting $147.13. The company’s stock had a trading volume of 1,424,306 shares, compared to its average volume of 2,138,220. The firm’s 50 day moving average price is $143.35 and its two-hundred day moving average price is $136.80. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $153.51. The stock has a market capitalization of $39.10 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s payout ratio is presently 16.24%.

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.