FineMark National Bank & Trust Has $335,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

FineMark National Bank & Trust trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,447 shares of the game software company’s stock after selling 179 shares during the quarter. FineMark National Bank & Trust’s holdings in Electronic Arts were worth $335,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares during the period. Norges Bank bought a new position in Electronic Arts in the 4th quarter worth $281,054,000. DNB Asset Management AS lifted its position in Electronic Arts by 82.3% during the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after acquiring an additional 1,064,022 shares during the last quarter. Morgan Stanley boosted its holdings in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares during the period. Finally, Glenmede Trust Co. NA grew its position in shares of Electronic Arts by 1,294.1% in the third quarter. Glenmede Trust Co. NA now owns 340,021 shares of the game software company’s stock valued at $40,939,000 after purchasing an additional 315,631 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EA has been the subject of several research analyst reports. Wedbush reissued an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 8th. Oppenheimer reissued an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. UBS Group cut their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Finally, Benchmark restated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the transaction, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the sale, the insider now owns 27,883 shares of the company’s stock, valued at $3,877,967.64. The disclosure for this sale can be found here. Insiders sold 26,539 shares of company stock worth $3,532,914 in the last quarter. 0.20% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $135.06 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.33. The business’s fifty day moving average price is $129.53 and its two-hundred day moving average price is $134.75. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The stock has a market capitalization of $35.98 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, May 29th. Electronic Arts’s payout ratio is 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.