Electronic Arts Inc. $EA Stock Position Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,352 shares of the game software company’s stock after purchasing an additional 3,120 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Electronic Arts were worth $2,933,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Walter Public Investments Inc. lifted its stake in shares of Electronic Arts by 41.7% in the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock worth $9,685,000 after acquiring an additional 14,134 shares during the period. Principal Financial Group Inc. increased its stake in shares of Electronic Arts by 35.4% during the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock valued at $78,859,000 after acquiring an additional 102,248 shares during the period. Great Lakes Advisors LLC bought a new stake in Electronic Arts during the third quarter worth approximately $1,025,000. OPTIMAS CAPITAL Ltd bought a new stake in Electronic Arts during the third quarter worth approximately $1,815,000. Finally, Greenland Capital Management LP acquired a new stake in Electronic Arts in the third quarter worth approximately $5,569,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.2%

EA stock opened at $200.44 on Friday. The firm has a market cap of $50.16 billion, a PE ratio of 57.43, a P/E/G ratio of 2.16 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 has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $201.87 and a 200 day simple moving average of $202.21.

Electronic Arts Announces Dividend

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

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total transaction of $243,900.00. Following the completion of the sale, the insider directly owned 28,760 shares of the company’s stock, valued at $5,845,470. This represents a 4.01% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total value of $508,025.00. Following the sale, the insider directly owned 43,343 shares of the company’s stock, valued at approximately $8,807,731.03. This represents a 5.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 27,600 shares of company stock valued at $5,544,159. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EA has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research note on Monday, May 4th. Citigroup upped their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.