First Citizens Bank & Trust Co. Increases Position in Electronic Arts Inc. (NASDAQ:EA)

First Citizens Bank & Trust Co. increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,939 shares of the game software company’s stock after purchasing an additional 160 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Electronic Arts were worth $2,286,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in Electronic Arts in the first quarter valued at approximately $121,000. Park Avenue Securities LLC boosted its position in shares of Electronic Arts by 166.9% in the 1st quarter. Park Avenue Securities LLC now owns 10,546 shares of the game software company’s stock worth $1,399,000 after purchasing an additional 6,595 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in Electronic Arts by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 22,205 shares of the game software company’s stock worth $2,945,000 after buying an additional 144 shares during the last quarter. Cooper Financial Group increased its position in Electronic Arts by 8.7% during the 1st quarter. Cooper Financial Group now owns 4,237 shares of the game software company’s stock valued at $562,000 after buying an additional 339 shares in the last quarter. Finally, Jacobs & Co. CA raised its stake in Electronic Arts by 5.1% in the first quarter. Jacobs & Co. CA now owns 55,490 shares of the game software company’s stock valued at $7,361,000 after buying an additional 2,670 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $144.35 on Friday. The company has a market capitalization of $38.36 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The company’s fifty day moving average price is $145.17 and its 200 day moving average price is $139.07. Electronic Arts Inc. has a 1 year low of $119.92 and a 1 year high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, research analysts predict that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EA. UBS Group boosted their price target on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Wedbush upped their price target on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Robert W. Baird reissued an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a report on Thursday, September 19th. Finally, Bank of America raised their target price on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Insider Activity

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the sale, the chief executive officer now owns 54,247 shares in the company, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the sale, the chief executive officer now directly owns 54,247 shares in the company, valued at approximately $7,675,950.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock worth $3,643,785 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

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.