Diversified Trust Co Has $2.26 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Diversified Trust Co cut its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,428 shares of the game software company's stock after selling 4,178 shares during the period. Diversified Trust Co's holdings in Electronic Arts were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company's stock valued at $954,358,000 after purchasing an additional 26,505 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company's stock valued at $583,162,000 after purchasing an additional 18,376 shares during the period. Legal & General Group Plc raised its holdings in shares of Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company's stock valued at $367,789,000 after buying an additional 53,800 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Electronic Arts by 3.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company's stock worth $290,945,000 after buying an additional 76,621 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Electronic Arts by 29.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company's stock worth $215,725,000 after buying an additional 354,005 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EA shares. StockNews.com upgraded shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Stifel Nicolaus restated a "hold" rating and issued a $167.00 price target on shares of Electronic Arts in a research note on Wednesday, December 18th. Benchmark reiterated a "buy" rating and issued a $163.00 price objective 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 report on Wednesday, September 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $170.00 price target on shares of Electronic Arts in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total transaction of $217,080.00. Following the sale, the executive vice president now owns 24,860 shares of the company's stock, valued at approximately $3,597,739.20. The trade was a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,500 shares of company stock valued at $3,639,565. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Down 0.3 %

NASDAQ EA traded down $0.47 on Wednesday, hitting $144.20. 2,324,007 shares of the stock traded hands, compared to its average volume of 1,619,461. 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 stock has a 50-day moving average of $157.23 and a 200 day moving average of $149.00. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The company has a market capitalization of $37.82 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.80.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. 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.