First National Trust Co Has $358,000 Position in Electronic Arts Inc. (NASDAQ:EA)

First National Trust Co lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,446 shares of the game software company’s stock after selling 168 shares during the quarter. First National Trust Co’s holdings in Electronic Arts were worth $358,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its stake in shares of Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after buying an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after buying an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after buying an additional 314,388 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Electronic Arts during the 4th quarter worth about $34,334,000. Finally, Anchor Capital Advisors LLC lifted its stake in shares of Electronic Arts by 5,606.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 219,013 shares of the game software company’s stock worth $32,042,000 after buying an additional 215,175 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.7 %

Shares of Electronic Arts stock opened at $138.71 on Friday. The firm has a market capitalization of $36.15 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $132.85 and its 200 day moving average is $144.88. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.55%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares in the company, valued at approximately $1,238,126.76. The trade was a 9.51 % decrease in their position. The sale 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 business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock worth $3,428,645 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of a number of research reports. Robert W. Baird cut their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Benchmark lowered their price target on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Bank of America raised their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $154.78.

Electronic Arts 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.