680 Shares in Electronic Arts Inc. $EA Purchased by BSN CAPITAL PARTNERS Ltd

BSN CAPITAL PARTNERS Ltd purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 680 shares of the game software company’s stock, valued at approximately $100,000. Electronic Arts comprises 0.0% of BSN CAPITAL PARTNERS Ltd’s portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the first quarter worth about $28,000. Bank of Jackson Hole Trust raised its stake in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the period. ORG Partners LLC raised its stake in Electronic Arts by 47.6% during the second quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock worth $40,000 after purchasing an additional 81 shares during the period. Wayfinding Financial LLC purchased a new position in Electronic Arts during the first quarter worth about $39,000. Finally, Costello Asset Management INC purchased a new position in Electronic Arts during the first quarter worth about $40,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of EA opened at $200.01 on Friday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75. The firm’s 50 day moving average price is $177.15 and its 200 day moving average price is $158.60. The company has a market cap of $50.05 billion, a P/E ratio of 50.13, a PEG ratio of 3.04 and a beta of 0.77. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is presently 19.05%.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the company’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 sale, the insider directly owned 53,092 shares of the company’s stock, valued at $10,713,434.68. This represents a 4.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $171.52, for a total transaction of $205,824.00. Following the sale, the executive vice president directly owned 26,080 shares in the company, valued at approximately $4,473,241.60. The trade was a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock worth $7,247,635 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EA. BMO Capital Markets lifted their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 30th. Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 30th. Wall Street Zen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Argus boosted their price target on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Finally, TD Cowen downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $177.00.

About Electronic Arts

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.