Daiwa Securities Group Inc. Increases Holdings in Electronic Arts Inc. (NASDAQ:EA)

Daiwa Securities Group Inc. boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,706 shares of the game software company's stock after purchasing an additional 4,675 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Electronic Arts were worth $7,704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts in the third quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter valued at about $28,000. Family Firm Inc. bought a new stake in shares of Electronic Arts in the second quarter valued at about $33,000. New Covenant Trust Company N.A. bought a new stake in shares of Electronic Arts in the first quarter valued at about $35,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the third quarter valued at about $36,000. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

EA has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Benchmark reissued a "buy" rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Roth Mkm boosted their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Finally, TD Cowen boosted their target price on Electronic Arts from $163.00 to $183.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts presently has an average rating of "Moderate Buy" and a consensus price target of $165.37.

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded up $0.88 during trading hours on Tuesday, hitting $165.02. 1,859,535 shares of the company's stock traded hands, compared to its average volume of 2,052,295. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The stock has a market capitalization of $43.28 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 2.18 and a beta of 0.78. The company has a fifty day simple moving average of $149.71 and a 200-day simple moving average of $144.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Announces Dividend

The company also recently disclosed 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. This represents a $0.76 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts's dividend payout ratio (DPR) is currently 19.54%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares in the company, valued at $4,579,823. This trade represents a 3.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares of the company's stock, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,884 shares of company stock valued at $4,404,435. 0.22% of the stock is 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.