Bessemer Group Inc. Has $918,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

Bessemer Group Inc. lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 69.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,355 shares of the game software company’s stock after selling 14,471 shares during the period. Bessemer Group Inc.’s holdings in Electronic Arts were worth $918,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. lifted its holdings in shares of Electronic Arts by 11.7% in the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company’s stock valued at $4,566,000 after purchasing an additional 3,259 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Electronic Arts by 31.4% in the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock valued at $49,577,000 after purchasing an additional 80,968 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Electronic Arts by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after purchasing an additional 36,153 shares in the last quarter. Amundi lifted its holdings in shares of Electronic Arts by 4.3% in the fourth quarter. Amundi now owns 2,990,729 shares of the game software company’s stock valued at $431,315,000 after purchasing an additional 122,494 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Electronic Arts by 11,587.9% in the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company’s stock valued at $96,737,000 after purchasing an additional 663,640 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EA shares. UBS Group raised their target price on Electronic Arts from $152.00 to $167.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Moffett Nathanson restated a “neutral” rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, May 7th. Oppenheimer lifted their price target on Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, Citigroup reiterated a “neutral” rating and set a $153.00 price target (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Monday, June 16th. The stock was sold at an average price of $148.69, for a total value of $223,035.00. Following the completion of the transaction, the executive vice president directly owned 29,948 shares in the company, valued at approximately $4,452,968.12. The trade was a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $151.32, for a total value of $151,320.00. Following the completion of the transaction, the chief financial officer owned 14,533 shares of the company’s stock, valued at approximately $2,199,133.56. This trade represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,229 shares of company stock valued at $4,226,399. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $159.70 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day simple moving average of $149.76 and a two-hundred day simple moving average of $142.22. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a market capitalization of $40.13 billion, a P/E ratio of 37.67, a P/E/G ratio of 2.14 and a beta of 0.71.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts’s dividend payout ratio is currently 17.92%.

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.