Wesleyan Assurance Society Purchases Shares of 32,500 Electronic Arts Inc. (NASDAQ:EA)

Wesleyan Assurance Society bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,500 shares of the game software company's stock, valued at approximately $4,755,000.

Several other institutional investors have also made changes to their positions in the company. Intrust Bank NA grew its holdings in shares of Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after purchasing an additional 78 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after purchasing an additional 81 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Electronic Arts by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company's stock worth $249,000 after purchasing an additional 90 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Electronic Arts by 3.9% in the 4th quarter. CX Institutional now owns 2,422 shares of the game software company's stock worth $354,000 after purchasing an additional 91 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 of the company's stock, valued at approximately $3,801,320. This represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. The trade was a 13.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,729 shares of company stock valued at $4,107,664 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EA. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research report on Wednesday, May 7th. Wedbush upped their price target on shares of Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Citigroup reduced their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. BMO Capital Markets reduced their price target on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Finally, Oppenheimer upped their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $161.29.

Electronic Arts Stock Up 0.2%

Shares of EA traded up $0.26 during mid-day trading on Friday, hitting $146.89. 2,108,703 shares of the company's stock were exchanged, compared to its average volume of 2,731,370. The company has a market cap of $36.84 billion, a PE ratio of 37.38, a P/E/G ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a 50-day simple moving average of $145.49 and a 200 day simple moving average of $144.87. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts's dividend payout ratio is currently 17.92%.

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.