Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,845 shares of the game software company's stock after purchasing an additional 1,789 shares during the period. Benjamin Edwards Inc.'s holdings in Electronic Arts were worth $2,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Swedbank AB grew its stake in Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $217,000. Huntington National Bank lifted its position in Electronic Arts by 31.4% during the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock worth $49,577,000 after buying an additional 80,968 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock worth $213,089,000 after buying an additional 36,153 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Electronic Arts during the fourth quarter worth $3,730,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded down $2.36 during midday trading on Friday, reaching $153.30. 2,921,660 shares of the stock were exchanged, compared to its average volume of 2,703,526. The business's 50-day moving average price is $143.36 and its 200 day moving average price is $144.90. The company has a market capitalization of $39.95 billion, a price-to-earnings ratio of 39.01, a PEG ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.50%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's payout ratio is currently 19.34%.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares in the company, valued at approximately $6,252,202.73. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,000 shares of company stock valued at $3,118,120. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on EA shares. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday. BNP Paribas downgraded shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a research note on Monday, January 27th. Moffett Nathanson restated a "neutral" rating and set a $163.00 price target on shares of Electronic Arts in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their target price on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $161.83.

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.