Wesleyan Assurance Society Purchases New Position in Electronic Arts Inc. (NASDAQ:EA)

Wesleyan Assurance Society purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,500 shares of the game software company's stock, valued at approximately $4,755,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB increased its stake in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after purchasing an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $217,000. Huntington National Bank increased its stake in shares of Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after purchasing an additional 80,968 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Electronic Arts by 2.5% in the 4th 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 stake in Electronic Arts in the 4th quarter worth about $3,730,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares in the company, valued at $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $149.64, for a total transaction of $224,460.00. Following the completion of the sale, the executive vice president now owns 17,533 shares of the company's stock, valued at approximately $2,623,638.12. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,342,580 over the last quarter. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

Shares of EA stock opened at $150.48 on Tuesday. The stock's 50-day moving average is $144.79 and its two-hundred day moving average is $144.97. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Oppenheimer lifted their price objective on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. UBS Group lifted their price objective on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. BMO Capital Markets lowered their price objective on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Ascendiant Capital Markets lifted their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, HSBC upgraded Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $161.29.

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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