Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,907 shares of the game software company’s stock after selling 856 shares during the period. Logan Capital Management Inc.’s holdings in Electronic Arts were worth $10,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC increased its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after acquiring an additional 79 shares in the last quarter. Shepherd Financial Partners LLC lifted its stake in Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after purchasing an additional 88 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in Electronic Arts by 23.5% in the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EA shares. Benchmark reissued a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. UBS Group lifted their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Argus upped their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock valued at $3,086,270 in the last ninety days. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Shares of EA traded down $2.68 during mid-day trading on Friday, hitting $159.91. The company’s stock had a trading volume of 149,842 shares, compared to its average volume of 2,032,212. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The firm has a market capitalization of $41.94 billion, a P/E ratio of 41.80, a P/E/G ratio of 2.14 and a beta of 0.79. The firm has a 50-day simple moving average of $155.72 and a 200 day simple moving average of $147.22.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. Electronic Arts’s payout ratio is currently 19.54%.

About Electronic Arts

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.