ING Groep NV Has $17.08 Million Position in Electronic Arts Inc. (NASDAQ:EA)

ING Groep NV boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 225.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,055 shares of the game software company's stock after purchasing an additional 82,522 shares during the quarter. ING Groep NV's holdings in Electronic Arts were worth $17,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC boosted its stake in Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock valued at $225,000 after acquiring an additional 76 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Electronic Arts by 2.9% during the second quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company's stock valued at $394,000 after acquiring an additional 79 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in shares of Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company's stock valued at $816,000 after acquiring an additional 88 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company's stock valued at $69,000 after acquiring an additional 94 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company's stock valued at $904,000 after acquiring an additional 95 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the sale, the insider now owns 30,190 shares of the company's stock, valued at $4,579,823. This trade represents a 3.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now directly owns 54,247 shares in the company, valued at approximately $7,675,950.50. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,144 shares of company stock worth $3,886,282. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and raised their price target for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. BNP Paribas raised shares of Electronic Arts to a "strong-buy" rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Morgan Stanley restated an "equal weight" rating and set a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, TD Cowen raised their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Eight research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Electronic Arts Trading Down 1.7 %

EA stock traded down $2.76 on Friday, hitting $161.36. 2,036,116 shares of the company were exchanged, compared to its average volume of 2,055,523. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $164.42. The business's fifty day moving average is $147.17 and its two-hundred day moving average is $142.44. The stock has a market capitalization of $42.32 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. 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 announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.47%. Electronic Arts's dividend payout ratio (DPR) is presently 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.