BSN CAPITAL PARTNERS Ltd Makes New Investment in Electronic Arts Inc. $EA

BSN CAPITAL PARTNERS Ltd purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, Holdings Channel reports. The firm purchased 680 shares of the game software company’s stock, valued at approximately $100,000. Electronic Arts comprises approximately 0.0% of BSN CAPITAL PARTNERS Ltd’s portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Ameriprise Financial Inc. grew its holdings in Electronic Arts by 197.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock worth $421,524,000 after acquiring an additional 1,936,313 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Electronic Arts in the 1st quarter valued at $225,102,000. Nuveen LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $203,537,000. Goldman Sachs Group Inc. boosted its holdings in shares of Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after buying an additional 1,254,194 shares in the last quarter. Finally, ING Groep NV boosted its holdings in shares of Electronic Arts by 3,477.8% in the 1st quarter. ING Groep NV now owns 1,163,747 shares of the game software company’s stock valued at $168,185,000 after buying an additional 1,131,220 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total transaction of $504,475.00. Following the completion of the sale, the insider owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $244,080.00. Following the sale, the insider directly owned 33,531 shares of the company’s stock, valued at $6,820,205.40. The trade was a 3.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,000 shares of company stock valued at $7,247,635. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EA. Cowen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday. Oppenheimer cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. TD Cowen cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the company an “equal weight” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average target price of $177.00.

Electronic Arts Price Performance

EA opened at $200.01 on Friday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The company’s 50 day simple moving average is $177.15 and its 200 day simple moving average is $158.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $50.05 billion, a PE ratio of 50.13, a P/E/G ratio of 3.04 and a beta of 0.77.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 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.