Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by JB Capital LLC

JB Capital LLC lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,685 shares of the game software company’s stock after buying an additional 444 shares during the period. JB Capital LLC’s holdings in Electronic Arts were worth $3,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after buying an additional 2,090,504 shares during the last quarter. Swedbank AB purchased a new position in Electronic Arts during the first quarter worth about $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Electronic Arts during the first quarter valued at about $189,055,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $188,159,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.4 %

NASDAQ:EA traded down $0.69 during midday trading on Thursday, hitting $157.27. 105,349 shares of the company were exchanged, compared to its average volume of 2,052,339. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $159.34. The company has a market capitalization of $41.25 billion, a PE ratio of 40.61, a price-to-earnings-growth ratio of 2.00 and a beta of 0.78. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $145.35 and a 200 day simple moving average of $140.90.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.48%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Insider Activity at Electronic Arts

In other news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the transaction, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at $1,120,638.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the transaction, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,260 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the sale, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at approximately $1,120,638.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,144 shares of company stock valued at $3,886,282 in the last three months. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EA. Oppenheimer increased their target price on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and increased their price objective for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Finally, Raymond James upped their price target on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $164.39.

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.