Achmea Investment Management B.V. boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 29.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,147 shares of the game software company's stock after acquiring an additional 28,352 shares during the quarter. Achmea Investment Management B.V.'s holdings in Electronic Arts were worth $18,456,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after buying an additional 70 shares during the period. Claro Advisors LLC lifted its holdings in shares of Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after buying an additional 75 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in shares of Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock valued at $225,000 after buying an additional 76 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after buying an additional 81 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after buying an additional 82 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.
Electronic Arts Trading Up 1.2 %
Electronic Arts stock traded up $1.60 during midday trading on Thursday, reaching $137.72. The stock had a trading volume of 3,164,245 shares, compared to its average volume of 4,353,868. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market capitalization of $35.89 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock's 50-day simple moving average is $133.17 and its 200 day simple moving average is $145.03.
Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.
Electronic Arts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's payout ratio is currently 19.34%.
Insider Activity at Electronic Arts
In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the transaction, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is owned by insiders.
Analyst Ratings Changes
Several analysts have recently commented on EA shares. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective for the company. in a report on Monday, January 27th. Oppenheimer reduced their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Finally, Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of "Hold" and an average price target of $154.78.
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About Electronic Arts
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Free Report)
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.
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