Bayforest Capital Ltd Invests $420,000 in Electronic Arts Inc. $EA

Key Points

• Bayforest Capital Ltd has invested $420,000 in Electronic Arts Inc., acquiring 2,908 shares of the gaming company during the first quarter.
• CEO Andrew Wilson recently sold 5,000 shares of Electronic Arts stock for approximately $855,250, which represents an 8.71% decrease in his position.
• Electronic Arts announced a quarterly dividend of $0.19 per share, with a annualized yield of 0.5%, to be paid on September 17th.

Bayforest Capital Ltd acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,908 shares of the game software company's stock, valued at approximately $420,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Putney Financial Group LLC bought a new position in shares of Electronic Arts in the fourth quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth about $28,000. Bank of Jackson Hole Trust increased its stake in 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 valued at $30,000 after purchasing an additional 75 shares in the last quarter. Wayfinding Financial LLC bought a new position in Electronic Arts during the first quarter worth about $39,000. Finally, American National Bank & Trust bought a new position in shares of Electronic Arts during the 1st quarter valued at about $40,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer owned 52,393 shares in the company, valued at $8,961,822.65. This trade represents a 8.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $148.69, for a total value of $223,035.00. Following the completion of the transaction, the executive vice president directly owned 29,948 shares of the company's stock, valued at approximately $4,452,968.12. This trade represents a 4.77% decrease in their position. 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 over the last ninety days. Company insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on EA. UBS Group set a $167.00 price target on Electronic Arts and gave the company a "neutral" rating in a research note on Friday, August 1st. Wedbush reissued an "outperform" rating and issued a $210.00 target price on shares of Electronic Arts in a research report on Monday, August 25th. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective on the stock in a report on Tuesday, August 5th. Finally, Bank of America increased their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $167.12.

Electronic Arts Stock Down 1.2%

EA stock opened at $166.04 on Wednesday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The business's 50 day simple moving average is $162.09 and its 200 day simple moving average is $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 PE ratio of 41.61, a PEG ratio of 2.17 and a beta of 0.75.

Electronic Arts Announces Dividend

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

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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