Flossbach Von Storch SE Purchases 19,199 Shares of Electronic Arts Inc. (NASDAQ:EA)

Flossbach Von Storch SE grew its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 31.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,502 shares of the game software company's stock after purchasing an additional 19,199 shares during the period. Flossbach Von Storch SE's holdings in Electronic Arts were worth $11,777,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company's stock worth $954,358,000 after buying an additional 26,505 shares in the last quarter. Swedbank AB lifted its stake in shares of Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after acquiring an additional 95,190 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock valued at $160,893,000 after acquiring an additional 373,730 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Electronic Arts by 28.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company's stock valued at $134,969,000 after acquiring an additional 206,623 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Electronic Arts by 8.4% in the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock worth $124,548,000 after purchasing an additional 66,797 shares during the period. Institutional investors own 90.23% of the company's stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares of the company's stock, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,500 shares of company stock valued at $3,593,095. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EA. UBS Group upped their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Citigroup reduced their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research note on Friday, January 31st. Finally, Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus price target of $154.55.

Electronic Arts Stock Up 0.7 %

Shares of NASDAQ EA traded up $0.94 during midday trading on Friday, reaching $130.93. The company's stock had a trading volume of 4,866,189 shares, compared to its average volume of 4,233,704. The stock has a 50 day simple moving average of $137.09 and a 200-day simple moving average of $146.24. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $34.12 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.54 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly 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 net margin of 14.28% and a return on equity of 17.80%. Equities research analysts predict that Electronic Arts Inc. will post 4.75 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business 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 dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts's payout ratio is presently 19.34%.

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.