14,850 Shares in Electronic Arts Inc. $EA Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

Key Points

• GABELLI & Co Investment Advisers opened a new position in Electronic Arts in the third quarter, buying 14,850 shares valued at about $2.995 million.
• Company insiders sold stock recently — CEO Andrew Wilson sold 5,000 shares and EVP Laura Miele sold 2,500 shares on December 15; insiders disposed of 27,600 shares (~$5.59M) over the last quarter and now own 0.24% of the company.
• Analysts have a consensus "Hold" rating on EA with an average price target of $188.30; notable changes include Citigroup trimming its target to $202 while UBS reaffirmed a neutral rating.

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,850 shares of the game software company's stock, valued at approximately $2,995,000.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Electronic Arts by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company's stock worth $425,000 after acquiring an additional 50 shares during the period. Ballentine Partners LLC increased its holdings in shares of Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company's stock valued at $965,000 after purchasing an additional 59 shares during the period. Physician Wealth Advisors Inc. increased its holdings in shares of Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company's stock valued at $212,000 after purchasing an additional 59 shares during the period. Linden Thomas Advisory Services LLC lifted its position in shares of Electronic Arts by 3.6% in the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company's stock worth $392,000 after purchasing an additional 67 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Electronic Arts by 20.5% in the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company's stock worth $80,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $1,020,550.00. Following the completion of the transaction, the chief executive officer owned 43,858 shares in the company, valued at approximately $8,951,856.38. The trade was a 10.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $510,275.00. Following the completion of the transaction, the insider directly owned 53,148 shares in the company, valued at approximately $10,848,038.28. This represents a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,600 shares of company stock valued at $5,589,823 over the last quarter. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on EA shares. Citigroup lowered their price target on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a report on Wednesday, February 4th. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Zacks Research cut shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of "Hold" and an average price target of $188.30.

Electronic Arts Stock Performance

Electronic Arts stock opened at $198.00 on Friday. The firm has a market capitalization of $49.55 billion, a P/E ratio of 74.44, a P/E/G ratio of 2.39 and a beta of 0.75. The stock has a fifty day moving average price of $202.42 and a two-hundred day moving average price of $195.95. Electronic Arts Inc. has a 52-week low of $131.15 and a 52-week high of $204.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's payout ratio is 28.57%.

About Electronic Arts

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.

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