Orrstown Financial Services Inc. Has $423,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)


Orrstown Financial Services Inc. lessened its stake in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 13.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,347 shares of the game software company’s stock after selling 537 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Electronic Arts were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tudor Investment Corp Et Al bought a new position in Electronic Arts during the 3rd quarter worth approximately $3,407,000. Thrivent Financial for Lutherans boosted its stake in Electronic Arts by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 230,895 shares of the game software company’s stock worth $32,844,000 after acquiring an additional 2,465 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Electronic Arts by 3,339.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,643 shares of the game software company’s stock worth $660,000 after acquiring an additional 4,508 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Electronic Arts by 11.3% in the third quarter. Janus Henderson Group PLC now owns 817,282 shares of the game software company’s stock valued at $116,260,000 after buying an additional 82,813 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Electronic Arts by 3,431.7% in the third quarter. EP Wealth Advisors LLC now owns 76,038 shares of the game software company’s stock valued at $204,000 after buying an additional 73,885 shares in the last quarter. 89.28% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on EA shares. Raymond James lowered their price objective on shares of Electronic Arts from $158.00 to $150.00 in a report on Wednesday, May 11th. Moffett Nathanson downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $141.00 to $147.00 in a report on Friday, June 10th. TheStreet upgraded shares of Electronic Arts from a “c+” rating to a “b” rating in a report on Friday, May 20th. The Goldman Sachs Group boosted their target price on shares of Electronic Arts from $125.00 to $133.00 and gave the stock a “neutral” rating in a report on Thursday, June 9th. Finally, Stifel Nicolaus lowered their target price on shares of Electronic Arts from $165.00 to $155.00 in a report on Thursday, April 21st. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $155.75.

Shares of EA opened at $130.39 on Wednesday. The business has a 50-day moving average of $128.34 and a 200 day moving average of $129.11. Electronic Arts Inc. has a fifty-two week low of $109.24 and a fifty-two week high of $147.76. The firm has a market cap of $36.49 billion, a P/E ratio of 47.24, a price-to-earnings-growth ratio of 2.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.18 and a current ratio of 1.18.

Electronic Arts (NASDAQ:EA – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The game software company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.22). Electronic Arts had a return on equity of 18.99% and a net margin of 11.29%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business posted $0.72 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. As a group, research analysts predict that Electronic Arts Inc will post 5.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $0.76 annualized dividend and a yield of 0.58%. This is an increase from Electronic Arts’s previous quarterly dividend of $0.17. Electronic Arts’s dividend payout ratio (DPR) is currently 27.54%.

In other news, COO Laura Miele sold 3,100 shares of Electronic Arts stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $119.23, for a total transaction of $369,613.00. Following the completion of the sale, the chief operating officer now owns 20,329 shares in the company, valued at approximately $2,423,826.67. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $118.75, for a total value of $95,000.00. Following the sale, the insider now owns 19,517 shares of the company’s stock, valued at approximately $2,317,643.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,438 shares of company stock valued at $6,968,072. 0.65% of the stock is owned by corporate insiders.

Electronic Arts Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)



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