Grove Bank & Trust Has $76,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Grove Bank & Trust boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 60.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 521 shares of the game software company’s stock after purchasing an additional 196 shares during the quarter. Grove Bank & Trust’s holdings in Electronic Arts were worth $76,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. lifted its position in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the third quarter worth $36,000. Bruce G. Allen Investments LLC lifted its position in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.4 %

Shares of Electronic Arts stock opened at $142.00 on Tuesday. The company has a market capitalization of $37.24 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 1.84 and a beta of 0.80. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The firm’s 50-day moving average price is $155.04 and its two-hundred day moving average price is $149.21.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued 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 0.54%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the transaction, the executive vice president now owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,500 shares of company stock valued at $3,637,660. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. UBS Group boosted their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 price target on shares of Electronic Arts in a research report on Wednesday, December 18th. Finally, Roth Mkm upped their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.37.

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.