2,160 Shares in Electronic Arts Inc. $EA Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC purchased 2,160 shares of Electronic Arts Inc. valued at approximately $312,000 in the first quarter.
• Electronic Arts announced a quarterly dividend of $0.19 per share, with an annualized yield of 0.5%, to be paid on September 17th.
• Insider transactions included the sale of 1,200 shares by EVP Jacob J. Schatz and 1,000 shares by CFO Stuart Canfield, totaling around $380,000 in transactions.

MBB Public Markets I LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,160 shares of the game software company's stock, valued at approximately $312,000.

Several other large investors have also bought and sold shares of the company. Putney Financial Group LLC bought a new position in shares of Electronic Arts in the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts in the first quarter worth approximately $28,000. Bank of Jackson Hole Trust lifted its stake in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after buying an additional 75 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Electronic Arts in the first quarter worth approximately $39,000. Finally, American National Bank & Trust bought a new position in shares of Electronic Arts in the first quarter worth approximately $40,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $166.04 on Wednesday. The firm has a 50 day moving average of $162.09 and a 200 day moving average of $151.02. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $41.54 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 2.17 and a beta of 0.75. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $180.90.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's payout ratio is 19.05%.

Analyst Ratings Changes

Several research analysts have recently issued reports on EA shares. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 target price on the stock in a research note on Tuesday, August 5th. Roth Capital upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and upped their target price for the stock from $175.00 to $185.00 in a research note on Tuesday, June 24th. Citigroup reiterated a "neutral" rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Arete Research set a $192.00 price objective on shares of Electronic Arts in a report on Tuesday, August 5th. Finally, UBS Group set a $167.00 price objective on shares of Electronic Arts and gave the company a "neutral" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $167.12.

Insider Activity at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,200 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $174.65, for a total transaction of $209,580.00. Following the completion of the sale, the executive vice president directly owned 27,248 shares in the company, valued at approximately $4,758,863.20. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $171.06, for a total transaction of $171,060.00. Following the sale, the chief financial officer owned 15,140 shares of the company's stock, valued at $2,589,848.40. This trade represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,900 shares of company stock valued at $4,778,597 in the last three months. Corporate insiders own 0.24% of the company's stock.

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.

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