Dai ichi Life Insurance Company Ltd Has $9.21 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Dai ichi Life Insurance Company Ltd grew its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,170 shares of the game software company's stock after acquiring an additional 11,058 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Electronic Arts were worth $9,205,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ninety One UK Ltd raised its stake in Electronic Arts by 1.3% during the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company's stock valued at $596,825,000 after acquiring an additional 53,237 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company's stock valued at $583,162,000 after purchasing an additional 18,376 shares during the period. Legal & General Group Plc raised its stake in shares of Electronic Arts by 2.1% during the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company's stock valued at $367,789,000 after purchasing an additional 53,800 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Electronic Arts by 3.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company's stock worth $290,945,000 after purchasing an additional 76,621 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Electronic Arts by 29.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company's stock worth $215,725,000 after purchasing an additional 354,005 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Up 0.4 %

Shares of EA traded up $0.65 during trading hours on Tuesday, hitting $164.79. 899,854 shares of the company were exchanged, compared to its average volume of 2,047,813. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $43.22 billion, a PE ratio of 42.47, a PEG ratio of 2.18 and a beta of 0.78. The firm's 50 day moving average is $149.71 and its 200-day moving average is $144.23. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.46%. Electronic Arts's dividend payout ratio (DPR) is presently 19.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on Electronic Arts from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. BNP Paribas upgraded shares of Electronic Arts to a "strong-buy" rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Stifel Nicolaus increased their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Electronic Arts has an average rating of "Moderate Buy" and an average target price of $165.37.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction 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 in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company's stock, valued at approximately $4,675,692.90. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,884 shares of company stock valued at $4,404,435 in the last quarter. Insiders own 0.22% of the company's stock.

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.