Bellwether Advisors LLC Has $2.51 Million Stock Holdings in Electronic Arts Inc. $EA

Bellwether Advisors LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 621,950.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,441 shares of the game software company’s stock after buying an additional 12,439 shares during the period. Bellwether Advisors LLC’s holdings in Electronic Arts were worth $2,509,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. MTM Investment Management LLC bought a new stake in shares of Electronic Arts during the second quarter worth approximately $30,000. Oakworth Capital Inc. bought a new stake in Electronic Arts in the 3rd quarter valued at $30,000. NewSquare Capital LLC grew its holdings in Electronic Arts by 67.5% in the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after buying an additional 79 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Electronic Arts by 131.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after buying an additional 95 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth $37,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $201.22 on Wednesday. The firm has a 50 day moving average of $202.70 and a 200-day moving average of $195.67. Electronic Arts Inc. has a 12 month low of $129.24 and a 12 month high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $50.36 billion, a PE ratio of 75.65, a PEG ratio of 2.39 and a beta of 0.75.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $1,020,550.00. Following the completion of the transaction, the chief executive officer owned 43,858 shares of the company’s stock, valued at approximately $8,951,856.38. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $204.11, for a total transaction of $510,275.00. Following the completion of the sale, the insider owned 53,148 shares in the company, valued at approximately $10,848,038.28. The trade was a 4.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,600 shares of company stock worth $5,589,823 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several research reports. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Citigroup decreased their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $188.30.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.