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

JB Capital LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,685 shares of the game software company’s stock after purchasing an additional 444 shares during the quarter. JB Capital LLC’s holdings in Electronic Arts were worth $3,111,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in EA. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at about $28,000. Family Firm Inc. purchased a new stake in shares of Electronic Arts in the second quarter valued at about $33,000. New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $35,000. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts during the 3rd quarter worth approximately $36,000. Finally, Gradient Investments LLC raised its position in shares of Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after purchasing an additional 225 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Trading Down 0.4 %

Shares of Electronic Arts stock traded down $0.69 during trading hours on Thursday, reaching $157.27. The stock had a trading volume of 105,349 shares, compared to its average volume of 2,052,339. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $159.34. The firm has a market capitalization of $41.25 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 2.00 and a beta of 0.78. The firm has a 50 day simple moving average of $145.35 and a two-hundred day simple moving average of $140.90.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. 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 0.48%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Analysts Set New Price Targets

A number of brokerages have commented on EA. Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the company from $148.00 to $161.00 in a report on Monday, July 15th. Jefferies Financial Group assumed coverage on Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.39.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 7,553 shares in the company, valued at $1,120,638.61. This trade 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 worth $3,886,282 over the last ninety days. 0.22% of the stock is owned by company insiders.

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.