Vinva Investment Management Ltd Purchases 44,056 Shares of Electronic Arts Inc. (NASDAQ:EA)

Vinva Investment Management Ltd grew its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 41.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,313 shares of the game software company's stock after acquiring an additional 44,056 shares during the period. Electronic Arts accounts for approximately 0.9% of Vinva Investment Management Ltd's holdings, making the stock its 15th largest position. Vinva Investment Management Ltd owned about 0.06% of Electronic Arts worth $22,173,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its holdings in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in Electronic Arts in the 4th quarter valued at $32,000. SBI Securities Co. Ltd. bought a new stake in Electronic Arts in the 4th quarter valued at $41,000. Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 70 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Electronic Arts in the 4th quarter valued at $42,000. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EA shares. Robert W. Baird dropped their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. Oppenheimer dropped their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Roth Mkm dropped their target price on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $154.78.

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Electronic Arts Trading Up 0.7 %

Shares of EA stock traded up $1.05 during trading hours on Friday, reaching $144.30. The company had a trading volume of 9,254,820 shares, compared to its average volume of 2,408,865. The company has a 50 day moving average of $132.76 and a 200 day moving average of $144.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $37.61 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly 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%. On average, equities research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is currently 19.34%.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the sale, the insider now owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,166,740 in the last 90 days. 0.22% of the stock is owned by company insiders.

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.