Impact Partnership Wealth LLC Acquires 5,607 Shares of Electronic Arts Inc. $EA

Impact Partnership Wealth LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 469.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,802 shares of the game software company’s stock after purchasing an additional 5,607 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Electronic Arts were worth $1,387,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Swiss Life Asset Management Ltd increased its position in Electronic Arts by 75.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock valued at $17,194,000 after acquiring an additional 36,769 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Electronic Arts by 9.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company’s stock worth $22,650,000 after acquiring an additional 9,297 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in shares of Electronic Arts during the third quarter worth approximately $4,503,000. Nordea Investment Management AB lifted its position in shares of Electronic Arts by 33.6% during the fourth quarter. Nordea Investment Management AB now owns 227,893 shares of the game software company’s stock worth $46,554,000 after purchasing an additional 57,268 shares in the last quarter. Finally, Vestcor Inc grew its stake in shares of Electronic Arts by 43.2% during the third quarter. Vestcor Inc now owns 112,668 shares of the game software company’s stock valued at $22,725,000 after purchasing an additional 33,982 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the transaction, the chief financial officer owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Wilson sold 5,066 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the completion of the transaction, the chief executive officer directly owned 85,974 shares in the company, valued at approximately $17,337,516.84. This trade represents a 5.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 39,906 shares of company stock valued at $8,060,033 in the last three months. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Down 0.0%

Shares of NASDAQ EA opened at $205.04 on Wednesday. Electronic Arts Inc. has a 1 year low of $146.97 and a 1 year high of $205.69. The firm’s 50-day moving average is $202.32 and its 200-day moving average is $202.43. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $51.41 billion, a PE ratio of 58.75, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EA. Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.