APG Asset Management N.V. Boosts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

APG Asset Management N.V. raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 181.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,461 shares of the game software company's stock after purchasing an additional 128,616 shares during the quarter. APG Asset Management N.V. owned 0.08% of Electronic Arts worth $28,181,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EA. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts during the fourth quarter valued at $32,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $37,000. SBI Securities Co. Ltd. bought a new position in shares of Electronic Arts during the fourth quarter valued at approximately $41,000. Finally, OFI Invest Asset Management bought a new stake in Electronic Arts during the 4th quarter valued at $42,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA traded down $0.17 during midday trading on Tuesday, hitting $145.33. The stock had a trading volume of 568,368 shares, compared to its average volume of 2,609,623. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. 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 $37.88 billion, a PE ratio of 36.98, a P/E/G ratio of 3.58 and a beta of 0.79. The stock has a 50 day simple moving average of $136.76 and a 200-day simple moving average of $144.34.

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Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, sell-side analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares of the company's stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,000 shares of company stock valued at $3,015,990. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BNP Paribas downgraded shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective on the stock. in a research report on Monday, January 27th. Ascendiant Capital Markets increased their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a report on Friday, January 31st. UBS Group increased their price target on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, DA Davidson initiated coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and an average target price of $155.30.

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.