Bellwether Advisors LLC Invests $808,000 in Electronic Arts Inc. (NASDAQ:EA)

Bellwether Advisors LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,524 shares of the game software company’s stock, valued at approximately $808,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Swedbank AB increased its holdings in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in Electronic Arts during the 4th quarter worth approximately $217,000. Huntington National Bank lifted its stake in Electronic Arts by 31.4% in the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock valued at $49,577,000 after buying an additional 80,968 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Electronic Arts by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after buying an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD bought a new stake in shares of Electronic Arts during the fourth quarter worth $3,730,000. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EA. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Electronic Arts from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 22nd. BMO Capital Markets dropped 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. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, Ascendiant Capital Markets upped their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average target price of $154.22.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares in the company, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the transaction, the executive vice president now directly owns 19,033 shares in the company, valued at approximately $2,772,156.45. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,000 shares of company stock worth $3,032,740. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Trading Up 0.3 %

NASDAQ EA opened at $146.60 on Monday. The business’s 50-day moving average price is $139.36 and its two-hundred day moving average price is $144.48. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market capitalization of $38.21 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio is currently 19.34%.

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.