Sanctuary Advisors LLC Grows Stake in Electronic Arts Inc. (NASDAQ:EA)

Sanctuary Advisors LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 76.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,328 shares of the game software company’s stock after purchasing 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 quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Electronic Arts by 0.4% during 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 purchasing an additional 26,505 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after buying an additional 18,376 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Electronic Arts by 2.1% during the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after buying an additional 53,800 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Electronic Arts by 3.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company’s stock valued at $290,945,000 after acquiring an additional 76,621 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Electronic Arts by 29.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after acquiring an additional 354,005 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. Robert W. Baird raised their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now directly owns 29,190 shares in the company, valued at $4,181,175.60. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,840,805 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $147.80 on Friday. The firm has a 50-day simple moving average of $156.76 and a 200-day simple moving average of $147.94. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market capitalization 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. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts’s payout ratio is 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.