Beta Wealth Group Inc. Purchases 301 Shares of Electronic Arts Inc. (NASDAQ:EA)

Beta Wealth Group Inc. lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,102 shares of the game software company’s stock after acquiring an additional 301 shares during the period. Beta Wealth Group Inc.’s holdings in Electronic Arts were worth $445,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Duality Advisers LP bought a new stake in Electronic Arts in the 1st quarter worth approximately $1,711,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Electronic Arts by 13.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after buying an additional 41,567 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Electronic Arts by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Electronic Arts by 34.9% during the 2nd quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock valued at $1,982,000 after buying an additional 3,681 shares in the last quarter. Finally, Greenwood Capital Associates LLC bought a new position in shares of Electronic Arts in the 3rd quarter valued at about $5,597,000. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the sale, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,120,638.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Down 1.3 %

NASDAQ:EA opened at $157.91 on Friday. The company’s 50-day simple moving average is $145.66 and its 200-day simple moving average is $141.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $160.31. The stock has a market capitalization of $41.42 billion, a P/E ratio of 40.59, a P/E/G ratio of 2.00 and a beta of 0.78.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.48%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Raymond James increased their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Bank of America upped their target price on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.37.

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.