Churchill Financial Advisors LLC Buys Shares of 19,778 Electronic Arts Inc. $EA
by Amy Steele · The Cerbat GemChurchill Financial Advisors LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 19,778 shares of the game software company’s stock, valued at approximately $4,041,000. Electronic Arts comprises about 1.2% of Churchill Financial Advisors LLC’s holdings, making the stock its 21st largest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. boosted its stake in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $30,000. Geneos Wealth Management Inc. lifted its stake 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 valued at $46,000 after buying an additional 190 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after buying an additional 57 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $50,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
EA has been the topic of a number of recent research reports. Citigroup upped their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $196.64.
Check Out Our Latest Report on EA
Electronic Arts Price Performance
EA stock opened at $200.97 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The firm’s fifty day moving average is $201.95 and its 200 day moving average is $202.25. The firm has a market cap of $50.39 billion, a P/E ratio of 57.58, a P/E/G ratio of 2.22 and a beta of 0.66.
Electronic Arts Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.
Insider Buying and Selling at Electronic Arts
In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the sale, the insider owned 40,843 shares of the company’s stock, valued at $8,190,655.22. This represents a 5.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jacob J. Schatz sold 5,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the sale, the executive vice president directly owned 42,287 shares of the company’s stock, valued at $8,507,721.53. The trade was a 10.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 39,906 shares of company stock worth $8,032,336 over the last ninety days. 0.24% of the stock is owned by company insiders.
About Electronic Arts
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.
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