Inspire Trust Co. N.A. Has $2.01 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Inspire Trust Co. N.A. increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 47.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,000 shares of the game software company's stock after acquiring an additional 4,499 shares during the period. Inspire Trust Co. N.A.'s holdings in Electronic Arts were worth $2,008,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank raised its holdings in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after purchasing an additional 234,098 shares during the period. Greenwood Capital Associates LLC acquired a new stake in Electronic Arts during the 3rd quarter worth approximately $5,597,000. Dai ichi Life Insurance Company Ltd raised its holdings in Electronic Arts by 20.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company's stock valued at $9,205,000 after buying an additional 11,058 shares during the period. Chesapeake Capital Corp IL acquired a new position in Electronic Arts during the third quarter valued at approximately $950,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in Electronic Arts by 5.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company's stock worth $12,078,000 after buying an additional 4,702 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now owns 30,216 shares in the company, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the 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 transaction, the chief executive officer now owns 52,615 shares in the company, 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. Over the last ninety days, insiders sold 20,000 shares of company stock valued at $3,086,270. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

NASDAQ:EA traded down $4.97 during trading hours on Friday, reaching $157.62. 2,807,531 shares of the company's stock were exchanged, compared to its average volume of 2,043,518. The company has a market capitalization of $41.34 billion, a P/E ratio of 41.80, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The business's 50-day simple moving average is $155.72 and its two-hundred day simple moving average is $147.22. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50.

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EA shares. Roth Mkm increased their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Argus boosted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and increased their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.37.

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.