TD Private Client Wealth LLC Trims Position in Electronic Arts Inc. $EA

TD Private Client Wealth LLC lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 37.7% during the 4th quarter, Holdings Channel reports. The fund owned 5,279 shares of the game software company’s stock after selling 3,201 shares during the quarter. TD Private Client Wealth LLC’s holdings in Electronic Arts were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EA. Brighton Jones LLC raised its holdings in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares during the period. Empowered Funds LLC raised its holdings in shares of Electronic Arts by 167.0% during the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the period. Jump Financial LLC purchased a new position in shares of Electronic Arts during the 2nd quarter worth $2,323,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Electronic Arts by 96.4% during the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after acquiring an additional 1,505 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.1%

Shares of EA opened at $201.59 on Thursday. The firm has a market cap of $50.55 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88. The company’s 50-day moving average price is $201.89 and its 200 day moving average price is $202.23. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s payout ratio is 21.78%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the sale, the insider directly owned 27,560 shares in the company, valued at $5,534,323.60. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 2,240 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $201.11, for a total transaction of $450,486.40. Following the sale, the chief executive officer owned 39,951 shares in the company, valued at $8,034,545.61. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 28,340 shares of company stock worth $5,702,736. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on EA. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup lifted their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts 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.