Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 76.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,328 shares of the game software company's stock after acquiring an additional 4,471 shares during the period. Sanctuary Advisors LLC's holdings in Electronic Arts were worth $1,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Discipline Wealth Solutions LLC acquired a new stake in Electronic Arts during the 3rd quarter worth approximately $340,000. TD Private Client Wealth LLC grew its position in Electronic Arts by 1.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,521 shares of the game software company's stock valued at $935,000 after buying an additional 110 shares during the last quarter. Toronto Dominion Bank increased its stake in Electronic Arts by 1.6% in the 3rd quarter. Toronto Dominion Bank now owns 125,428 shares of the game software company's stock valued at $17,991,000 after buying an additional 1,957 shares during the period. Coldstream Capital Management Inc. raised its position in Electronic Arts by 29.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,723 shares of the game software company's stock worth $542,000 after buying an additional 838 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 worth $954,358,000 after acquiring an additional 26,505 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

EA has been the subject of several recent analyst reports. 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. StockNews.com upgraded shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Morgan Stanley reaffirmed an "equal weight" rating and set a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Benchmark reiterated a "buy" rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, Wedbush restated an "outperform" rating and set a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $165.37.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 of the company's stock, valued at approximately $4,181,175.60. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the sale, the chief executive officer now directly owns 47,615 shares of the company's stock, valued at $7,047,020. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock worth $3,840,805. Company insiders own 0.22% of the company's stock.

Electronic Arts Trading Down 0.1 %

Shares of EA traded down $0.09 during mid-day trading on Friday, reaching $147.80. The company had a trading volume of 4,045,669 shares, compared to its average volume of 2,071,213. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The firm has a fifty day simple moving average of $156.76 and a 200-day simple moving average of $147.94. The stock has a market cap of $38.76 billion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts's dividend payout ratio (DPR) is presently 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.