Glenmede Trust Co. NA Has $4.51 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Glenmede Trust Co. NA trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 36.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,406 shares of the game software company’s stock after selling 18,364 shares during the quarter. Glenmede Trust Co. NA’s holdings in Electronic Arts were worth $4,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EA. B. Riley Wealth Advisors Inc. lifted its stake in Electronic Arts by 4.6% in 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 acquiring an additional 97 shares during the last quarter. Comerica Bank boosted its holdings in Electronic Arts by 12.8% in the first quarter. Comerica Bank now owns 51,562 shares of the game software company’s stock worth $6,841,000 after purchasing an additional 5,849 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Electronic Arts by 54.7% in the first quarter. Cetera Investment Advisers now owns 23,967 shares of the game software company’s stock worth $3,180,000 after purchasing an additional 8,477 shares in the last quarter. Cetera Advisors LLC increased its position in Electronic Arts by 192.5% during the first quarter. Cetera Advisors LLC now owns 7,550 shares of the game software company’s stock worth $1,002,000 after buying an additional 4,969 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Electronic Arts by 39.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,080 shares of the game software company’s stock valued at $137,000 after buying an additional 304 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’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 $4,579,823. The trade was a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $3,073,520 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the topic of a number of analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Roth Mkm lifted their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Finally, Robert W. Baird raised their price target on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Stock Up 0.3 %

EA opened at $163.67 on Friday. The company has a market capitalization of $42.93 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm’s fifty day moving average price is $151.54 and its two-hundred day moving average price is $145.01. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts’s payout ratio is currently 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.