Centaurus Financial Inc. Trims Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Centaurus Financial Inc. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,750 shares of the game software company’s stock after selling 84 shares during the period. Centaurus Financial Inc.’s holdings in Electronic Arts were worth $251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EA. B. Riley Wealth Advisors Inc. lifted its stake in shares of Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after buying an additional 97 shares during the period. Hancock Whitney Corp lifted its stake in shares of Electronic Arts by 32.0% during the first quarter. Hancock Whitney Corp now owns 8,387 shares of the game software company’s stock valued at $1,113,000 after buying an additional 2,035 shares during the period. Comerica Bank lifted its stake in shares of Electronic Arts by 12.8% during the first quarter. Comerica Bank now owns 51,562 shares of the game software company’s stock valued at $6,841,000 after buying an additional 5,849 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of Electronic Arts during the first quarter valued at approximately $35,000. Finally, Virtu Financial LLC purchased a new position in shares of Electronic Arts during the first quarter valued at approximately $985,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EA. Benchmark reissued a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Bank of America upped their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen upped their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Raymond James upped their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Price Performance

Shares of EA stock opened at $163.10 on Thursday. The company has a market capitalization of $42.78 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. The firm has a fifty day simple moving average of $150.16 and a 200-day simple moving average of $144.50. 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 Inc. has a twelve month low of $124.92 and a twelve month high of $168.50.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. This trade represents a 3.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $3,073,520 in the last ninety days. 0.22% of the stock is owned by insiders.

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.