Beta Wealth Group Inc. Buys 300 Shares of Electronic Arts Inc. (NASDAQ:EA)

Beta Wealth Group Inc. grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.7% during the fourth quarter, Holdings Channel reports. The fund owned 3,402 shares of the game software company’s stock after purchasing an additional 300 shares during the period. Beta Wealth Group Inc.’s holdings in Electronic Arts were worth $498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EA. Geode Capital Management LLC increased its holdings in Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after buying an additional 26,505 shares during the last quarter. 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 purchasing an additional 95,190 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after acquiring an additional 373,730 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Electronic Arts by 28.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock valued at $134,969,000 after purchasing an additional 206,623 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Electronic Arts by 8.4% during the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock worth $124,548,000 after buying an additional 66,797 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of EA stock opened at $129.40 on Tuesday. The company has a market cap of $33.72 billion, a P/E ratio of 32.93, a PEG ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $139.70 and a two-hundred day moving average of $146.72.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts anticipate that Electronic Arts Inc. will post 4.99 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s dividend payout ratio is 19.34%.

Analysts Set New Price Targets

Several analysts have recently weighed in on EA shares. Robert W. Baird decreased their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Wedbush restated an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Bank of America upped their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. BMO Capital Markets reduced their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $155.24.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the sale, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock worth $3,644,635 in the last 90 days. 0.22% of the stock is owned by insiders.

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.