Intrust Bank NA Buys 78 Shares of Electronic Arts Inc. (NASDAQ:EA)

Intrust Bank NA increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,475 shares of the game software company’s stock after buying an additional 78 shares during the period. Intrust Bank NA’s holdings in Electronic Arts were worth $362,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Pinnacle Bancorp Inc. increased its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC bought a new position in Electronic Arts during the fourth quarter worth about $32,000. Millstone Evans Group LLC acquired a new stake in Electronic Arts in the 4th quarter worth about $37,000. SBI Securities Co. Ltd. bought a new stake in Electronic Arts in the 4th quarter valued at about $41,000. Finally, OFI Invest Asset Management acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,000 shares of company stock valued at $3,018,560. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Down 0.7 %

Shares of EA opened at $144.25 on Monday. The company has a market capitalization of $37.59 billion, a PE ratio of 36.70, a PEG ratio of 3.58 and a beta of 0.78. The stock’s 50-day moving average price is $133.05 and its two-hundred day moving average price is $144.63. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts’s payout ratio is 19.34%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EA. Bank of America increased their price target on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research note on Monday, January 27th. Finally, Wedbush restated an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $155.65.

Electronic Arts Company 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.