25,000 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,000 shares of the game software company's stock, valued at approximately $3,658,000.

Other hedge funds have also recently modified their holdings of the company. Capital International Investors lifted its position in shares of Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after purchasing an additional 605,796 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Electronic Arts by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock worth $978,650,000 after buying an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after purchasing an additional 270,991 shares during the period. Northern Trust Corp grew its position in shares of Electronic Arts by 12.4% during the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock worth $476,540,000 after buying an additional 360,563 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after acquiring an additional 120,632 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $145.56, for a total transaction of $145,560.00. Following the completion of the sale, the insider now owns 25,216 shares of the company's stock, valued at approximately $3,670,440.96. This trade represents a 3.81 % 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 hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the sale, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,056,270 in the last ninety days. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on EA shares. Roth Mkm decreased their price target on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Raymond James cut shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday. Robert W. Baird set a $168.00 price target on Electronic Arts in a report on Wednesday. Finally, Stifel Nicolaus dropped their price target on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $161.63.

Electronic Arts Trading Up 0.6 %

Shares of EA traded up $0.96 on Wednesday, hitting $155.50. 5,429,816 shares of the stock traded hands, compared to its average volume of 2,703,010. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock's 50 day moving average is $142.40 and its two-hundred day moving average is $144.78. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $40.53 billion, a P/E ratio of 39.57, a P/E/G ratio of 3.58 and a beta of 0.74.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.49%. Electronic Arts's dividend payout ratio is presently 19.34%.

Electronic Arts 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.