6,900 Shares in Electronic Arts Inc. $EA Purchased by Versor Investments LP

Versor Investments LP acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, HoldingsChannel reports. The firm acquired 6,900 shares of the game software company’s stock, valued at approximately $1,102,000.

Other large investors also recently made changes to their positions in the company. Salomon & Ludwin LLC increased its stake in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the period. Frazier Financial Advisors LLC boosted its holdings in Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after buying an additional 148 shares in the last quarter. Bank of Jackson Hole Trust boosted its holdings 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 buying an additional 75 shares in the last quarter. ORG Partners LLC boosted its holdings 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 buying an additional 81 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Electronic Arts during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EA shares. BMO Capital Markets raised their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a report on Tuesday, September 30th. Baird R W cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. DZ Bank cut shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Wedbush reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $210.00 price objective (up previously from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $181.64.

Electronic Arts Stock Up 0.1%

Electronic Arts stock opened at $200.06 on Monday. The company has a market capitalization of $50.06 billion, a P/E ratio of 58.50, a P/E/G ratio of 3.04 and a beta of 0.77. The firm’s fifty day simple moving average is $186.18 and its 200-day simple moving average is $165.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, December 3rd. 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 22.22%.

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 on Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total transaction of $429,225.00. Following the transaction, the insider owned 55,592 shares in the company, valued at approximately $9,544,590.48. This trade represents a 4.30% decrease in their position. 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 1,200 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $171.52, for a total transaction of $205,824.00. Following the transaction, the executive vice president owned 26,080 shares in the company, valued at $4,473,241.60. This represents a 4.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,400 shares of company stock worth $7,359,462 in the last ninety days. Company insiders own 0.24% of the company’s stock.

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.