Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Barton Investment Management

Barton Investment Management reduced its position in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,269 shares of the game software company’s stock after selling 14,250 shares during the period. Electronic Arts comprises approximately 2.5% of Barton Investment Management’s holdings, making the stock its 13th largest holding. Barton Investment Management’s holdings in Electronic Arts were worth $12,563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC bought a new position in Electronic Arts during the 2nd quarter worth $379,000. IFM Investors Pty Ltd grew its stake in shares of Electronic Arts by 12.5% in the second quarter. IFM Investors Pty Ltd now owns 48,146 shares of the game software company’s stock worth $5,857,000 after purchasing an additional 5,352 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Electronic Arts by 88.8% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 14,526 shares of the game software company’s stock worth $2,275,000 after purchasing an additional 6,834 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Electronic Arts by 29.4% in the second quarter. Private Advisor Group LLC now owns 12,957 shares of the game software company’s stock worth $1,576,000 after purchasing an additional 2,946 shares in the last quarter. Finally, ACG Wealth bought a new position in shares of Electronic Arts in the second quarter worth $42,000. 90.65% of the stock is currently owned by institutional investors.

Electronic Arts Stock Down 2.6 %

Shares of NASDAQ EA traded down $3.09 during mid-day trading on Friday, reaching $114.33. 58,620 shares of the company traded hands, compared to its average volume of 2,310,764. The stock has a market cap of $31.79 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 3.63 and a beta of 0.84. The company’s fifty day moving average is $128.21 and its two-hundred day moving average is $127.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.24. Electronic Arts Inc. has a fifty-two week low of $109.24 and a fifty-two week high of $146.72.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 31st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, August 30th. Electronic Arts’s dividend payout ratio (DPR) is currently 24.05%.

Analyst Ratings Changes

EA has been the subject of several research reports. Ascendiant Capital Markets set a $160.00 target price on Electronic Arts in a research note on Monday, June 20th. MKM Partners downgraded Electronic Arts from a “buy” rating to a “neutral” rating and set a $131.00 target price for the company. in a report on Wednesday, September 7th. Atlantic Securities downgraded Electronic Arts from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $130.00 in a report on Thursday, September 15th. They noted that the move was a valuation call. Bank of America upped their target price on Electronic Arts from $148.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Truist Financial reduced their target price on Electronic Arts to $154.00 and set a “buy” rating for the company in a report on Sunday, July 31st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.64.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 7,373 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $130.05, for a total value of $958,858.65. Following the completion of the sale, the chief executive officer now owns 29,242 shares in the company, valued at approximately $3,802,922.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Electronic Arts news, CEO Andrew Wilson sold 7,373 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $130.05, for a total value of $958,858.65. Following the completion of the sale, the chief executive officer now owns 29,242 shares in the company, valued at approximately $3,802,922.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacob J. Schatz sold 6,816 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $132.52, for a total value of $903,256.32. Following the completion of the sale, the insider now owns 17,251 shares of the company’s stock, valued at approximately $2,286,102.52. The disclosure for this sale can be found here. Insiders have sold 92,901 shares of company stock valued at $12,015,172 in the last 90 days. 0.37% of the stock is currently owned by insiders.

About Electronic Arts

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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.

See Also

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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