Electronic Arts Inc. $EA Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,871 shares of the game software company’s stock after purchasing an additional 516 shares during the period. Bessemer Group Inc.’s holdings in Electronic Arts were worth $1,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. Salomon & Ludwin LLC increased its position in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the period. Bank of Jackson Hole Trust boosted its stake in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares in the last quarter. Frazier Financial Advisors LLC grew its holdings in Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after acquiring an additional 148 shares during the period. Wayfinding Financial LLC acquired a new position in Electronic Arts during the first quarter worth about $39,000. Finally, Costello Asset Management INC bought a new stake in Electronic Arts in the first quarter worth about $40,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Up 0.1%

Electronic Arts stock opened at $200.06 on Friday. The company has a 50 day moving average price of $186.18 and a 200 day moving average price of $164.86. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $50.06 billion, a price-to-earnings ratio of 58.50, a P/E/G ratio of 3.04 and a beta of 0.77.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is 22.22%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Robert W. Baird reissued a “neutral” rating and set a $210.00 target price (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Zacks Research raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, Arete Research set a $192.00 price objective on Electronic Arts in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $181.64.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the transaction, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. The trade was a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the completion of the sale, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,400 shares of company stock valued at $7,359,462 in the last ninety days. Company insiders own 0.24% of the company’s stock.

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.