Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $719,000 in Electronic Arts Inc. $EA

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 3,521 shares of the game software company’s stock, valued at approximately $719,000.

Several other institutional investors also recently bought and sold shares of the business. Jefferies Financial Group Inc. acquired a new position in Electronic Arts in the 4th quarter valued at $16,114,000. Mizuho Markets Americas LLC acquired a new position in Electronic Arts in the 4th quarter valued at $2,043,000. Evoke Wealth LLC acquired a new position in Electronic Arts in the 4th quarter valued at $204,000. Global Retirement Partners LLC raised its holdings in Electronic Arts by 224.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,725 shares of the game software company’s stock valued at $557,000 after acquiring an additional 1,885 shares during the last quarter. Finally, Copia Wealth Management raised its holdings in Electronic Arts by 50.3% in the 4th quarter. Copia Wealth Management now owns 463 shares of the game software company’s stock valued at $95,000 after acquiring an additional 155 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Electronic Arts stock opened at $200.97 on Friday. Electronic Arts Inc. has a 1 year low of $141.19 and a 1 year high of $204.88. The firm has a 50 day moving average price of $201.95 and a 200 day moving average price of $202.23. The company has a market cap of $50.39 billion, a price-to-earnings ratio of 57.58, a PEG ratio of 2.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Announces Dividend

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

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated 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 directly owned 25,991 shares in the company, valued at $5,233,547.76. This trade 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, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the transaction, the insider owned 45,843 shares in the company, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 39,906 shares of company stock valued at $8,032,336. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup boosted their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $196.64.

Electronic Arts Company 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.