B. Metzler seel. Sohn & Co. Holding AG Invests $2.36 Million in Electronic Arts Inc. (NASDAQ:EA)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,470 shares of the game software company's stock, valued at approximately $2,362,000.

A number of other hedge funds have also modified their holdings of the stock. O Shaughnessy Asset Management LLC grew its holdings in shares of Electronic Arts by 8.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 12,212 shares of the game software company's stock worth $1,620,000 after purchasing an additional 917 shares during the last quarter. Bessemer Group Inc. raised its stake in Electronic Arts by 97.5% in the 1st quarter. Bessemer Group Inc. now owns 19,751 shares of the game software company's stock valued at $2,620,000 after acquiring an additional 9,753 shares during the period. Lake Street Advisors Group LLC acquired a new stake in Electronic Arts during the 1st quarter worth approximately $261,000. Epoch Investment Partners Inc. increased its stake in Electronic Arts by 15.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 412,088 shares of the game software company's stock worth $54,672,000 after acquiring an additional 54,663 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Electronic Arts during the 1st quarter worth approximately $1,086,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 7,384 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company's stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,384 shares of company stock worth $4,776,635. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com upgraded Electronic Arts from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 31st. DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and lifted their target price for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Wedbush reaffirmed an "outperform" rating and issued a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. Bank of America raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, BNP Paribas upgraded Electronic Arts to a "strong-buy" rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Electronic Arts Stock Performance

Shares of EA stock traded down $1.30 on Friday, reaching $166.67. The stock had a trading volume of 1,638,033 shares, compared to its average volume of 2,049,793. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The firm's 50-day moving average is $149.36 and its two-hundred day moving average is $143.74. The firm has a market capitalization of $43.71 billion, a price-to-earnings ratio of 42.85, a P/E/G ratio of 2.17 and a beta of 0.78.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts's payout ratio is 19.54%.

About Electronic Arts

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.