Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc increased its position in Electronic Arts Inc. (NASDAQ:EA) by 9,280.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469 shares of the game software company’s stock after acquiring an additional 464 shares during the period. Versant Capital Management Inc’s holdings in Electronic Arts were worth $69,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EA. Larson Financial Group LLC grew its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after acquiring an additional 79 shares in the last quarter. Shepherd Financial Partners LLC raised its position in Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after acquiring an additional 88 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Electronic Arts by 1.5% in the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after purchasing an additional 95 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the transaction, the executive vice president now owns 24,860 shares of the company’s stock, valued at $3,597,739.20. This trade represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock worth $3,639,565 in the last three months. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. BMO Capital Markets reissued an “outperform” rating and issued a $160.00 price target (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Roth Mkm boosted their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Stock Performance

NASDAQ:EA opened at $146.29 on Monday. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The stock has a market cap of $38.37 billion, a P/E ratio of 37.61, a PEG ratio of 2.14 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a 50-day moving average of $157.32 and a two-hundred day moving average of $148.94.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Electronic Arts Profile

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.