78,863 Shares in Electronic Arts Inc. $EA Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) in the 4th quarter, Holdings Channel reports. The fund bought 78,863 shares of the game software company’s stock, valued at approximately $16,114,000.

Several other large investors have also added to or reduced their stakes in EA. Brighton Jones LLC grew its stake in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after acquiring an additional 294 shares during the period. Empowered Funds LLC grew its stake in Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after acquiring an additional 12,076 shares during the period. Geneos Wealth Management Inc. grew its stake in Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares during the period. Jump Financial LLC acquired a new stake in Electronic Arts in the second quarter valued at approximately $2,323,000. Finally, NewEdge Advisors LLC grew its stake in Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after acquiring an additional 1,505 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the transaction, the executive vice president owned 42,287 shares in the company, valued at $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Wilson sold 5,066 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the completion of the transaction, the chief executive officer owned 85,974 shares in the company, valued at $17,337,516.84. This represents a 5.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 39,906 shares of company stock worth $8,032,336 over the last three months. Company insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

EA stock opened at $200.97 on Monday. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $201.95 and its 200-day moving average is $202.25. The firm has a market capitalization of $50.39 billion, a PE ratio of 57.58, a P/E/G ratio of 2.22 and a beta of 0.66.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $196.64.

Get Our Latest Analysis on EA

About Electronic Arts

(Free Report)

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.

Further Reading

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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