Captrust Financial Advisors Sells 3,986 Shares of Electronic Arts Inc. (NASDAQ:EA)

Captrust Financial Advisors trimmed its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,203 shares of the game software company's stock after selling 3,986 shares during the quarter. Captrust Financial Advisors' holdings in Electronic Arts were worth $1,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts in the 3rd quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the second quarter valued at $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts in the 2nd quarter valued at $33,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth about $36,000. Finally, Gradient Investments LLC increased its position in shares of Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock worth $37,000 after purchasing an additional 225 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. DZ Bank raised Electronic Arts from a "hold" rating to a "buy" rating and raised their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. BMO Capital Markets reissued an "outperform" rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, UBS Group increased their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $165.37.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 29,190 shares in the company, valued at approximately $4,181,175.60. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The shares were 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. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $3,086,270 in the last three months. Insiders own 0.22% of the company's stock.

Electronic Arts Stock Up 0.8 %

Shares of Electronic Arts stock traded up $1.39 during trading on Friday, reaching $167.01. The stock had a trading volume of 1,651,787 shares, compared to its average volume of 1,744,879. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $43.80 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 2.19 and a beta of 0.79. The stock has a fifty day moving average price of $153.97 and a two-hundred day moving average price of $146.48. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.46%. Electronic Arts's payout ratio is currently 19.54%.

Electronic Arts Profile

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.