Vest Financial LLC Cuts Stock Position in Electronic Arts Inc. $EA

Vest Financial LLC lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 26.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 169,026 shares of the game software company’s stock after selling 62,225 shares during the quarter. Vest Financial LLC’s holdings in Electronic Arts were worth $34,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Electronic Arts by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after purchasing an additional 50 shares during the last quarter. Salomon & Ludwin LLC grew its position in Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares during the last quarter. Ballentine Partners LLC grew its position in Electronic Arts by 1.2% during the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in Electronic Arts by 5.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after purchasing an additional 59 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA opened at $202.45 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a fifty day moving average price of $201.68 and a 200 day moving average price of $202.15. Electronic Arts Inc. has a 1 year low of $141.19 and a 1 year high of $204.88. The stock has a market cap of $50.66 billion, a P/E ratio of 76.11, a P/E/G ratio of 2.18 and a beta of 0.73.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s payout ratio is currently 28.57%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup dropped their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $188.30.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total value of $243,900.00. Following the completion of the transaction, the insider directly owned 28,760 shares in the company, valued at $5,845,470. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.53, for a total transaction of $498,825.00. Following the completion of the transaction, the insider owned 48,343 shares of the company’s stock, valued at approximately $9,645,878.79. This represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,600 shares of company stock valued at $5,544,159. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.