3,521 Shares in Electronic Arts Inc. $EA Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, Holdings Channel reports. The fund purchased 3,521 shares of the game software company’s stock, valued at approximately $719,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. EverSource Wealth Advisors LLC grew its stake in Electronic Arts by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after buying an additional 50 shares during the last quarter. Salomon & Ludwin LLC raised its stake in shares of Electronic Arts by 32.8% in the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after acquiring an additional 57 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after acquiring an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after acquiring an additional 59 shares in the last quarter. Finally, Macroview Investment Management LLC grew its position in Electronic Arts by 6.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after acquiring an additional 62 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.1%

NASDAQ EA opened at $201.87 on Friday. The stock has a fifty day moving average of $201.93 and a 200-day moving average of $202.24. The stock has a market capitalization of $50.62 billion, a P/E ratio of 57.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the sale, the insider owned 40,843 shares in the company, valued at $8,190,655.22. The trade was a 5.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 2,240 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $201.11, for a total transaction of $450,486.40. Following the sale, the chief executive officer directly owned 39,951 shares of the company’s stock, valued at approximately $8,034,545.61. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 28,340 shares of company stock valued at $5,702,736. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EA has been the subject of several research analyst reports. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup increased their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $196.64.

Electronic Arts Company 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.