Bremer Bank National Association Acquires 399 Shares of Electronic Arts Inc. (NASDAQ:EA)

Bremer Bank National Association grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,485 shares of the game software company’s stock after purchasing an additional 399 shares during the period. Bremer Bank National Association’s holdings in Electronic Arts were worth $3,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S grew its position in Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after acquiring an additional 11,343 shares during the last quarter. FORA Capital LLC grew its position in Electronic Arts by 209.7% during the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after acquiring an additional 31,136 shares during the last quarter. Duality Advisers LP bought a new stake in Electronic Arts during the 1st quarter worth $1,711,000. Eaton Financial Holdings Company LLC bought a new stake in Electronic Arts during the 4th quarter worth $1,259,000. Finally, Teacher Retirement System of Texas grew its position in Electronic Arts by 6.1% during the 4th quarter. Teacher Retirement System of Texas now owns 181,757 shares of the game software company’s stock worth $24,866,000 after acquiring an additional 10,405 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock traded down $0.44 during trading on Wednesday, hitting $146.46. The company’s stock had a trading volume of 839,064 shares, compared to its average volume of 2,160,592. The business has a fifty day moving average of $141.95 and a 200-day moving average of $136.34. The company has a market cap of $38.92 billion, a PE ratio of 31.39, a P/E/G ratio of 2.28 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $153.51. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s dividend payout ratio is 16.24%.

Analyst Upgrades and Downgrades

EA has been the topic of several recent research reports. UBS Group lifted their target price on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Jefferies Financial Group initiated coverage on Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. Citigroup downgraded Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $148.00 to $161.00 in a report on Monday, July 15th. Morgan Stanley lifted their target price on Electronic Arts from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Raymond James lifted their target price on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $160.16.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, Director Luis A. Ubinas sold 2,126 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $146.77, for a total transaction of $312,033.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $132.88, for a total transaction of $106,304.00. Following the completion of the transaction, the insider now owns 39,374 shares in the company, valued at $5,232,017.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luis A. Ubinas sold 2,126 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $146.77, for a total transaction of $312,033.02. The disclosure for this sale can be found here. Insiders have sold a total of 24,365 shares of company stock worth $3,382,352 over the last three months. 0.22% of the stock is currently owned by insiders.

Electronic Arts Company 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.