Assenagon Asset Management S.A. Has $22.96 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Assenagon Asset Management S.A. raised its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 81.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 156,907 shares of the game software company's stock after acquiring an additional 70,539 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of Electronic Arts worth $22,955,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its position in shares of Electronic Arts by 43.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company's stock valued at $193,727,000 after acquiring an additional 420,382 shares in the last quarter. abrdn plc grew its holdings in shares of Electronic Arts by 59.2% during the third quarter. abrdn plc now owns 858,840 shares of the game software company's stock worth $123,484,000 after buying an additional 319,335 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock valued at $45,626,000 after buying an additional 314,388 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Electronic Arts during the third quarter valued at approximately $40,154,000. Finally, Huntington National Bank boosted its position in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after acquiring an additional 234,098 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the transaction, the insider now directly owns 28,190 shares of the company's stock, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the sale, the executive vice president now directly owns 23,360 shares in the company, valued at $3,814,688. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock worth $3,637,660 in the last 90 days. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Trading Up 0.4 %

Shares of EA stock traded up $0.60 on Friday, reaching $142.00. 4,006,080 shares of the stock were exchanged, compared to its average volume of 1,721,212. The stock has a market cap of $37.24 billion, a PE ratio of 36.50, a P/E/G ratio of 1.84 and a beta of 0.80. 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 Inc. has a one year low of $124.92 and a one year high of $168.50. The stock has a 50 day moving average price of $155.38 and a 200 day moving average price of $149.04.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts's dividend payout ratio is currently 19.54%.

Wall Street Analyst Weigh In

EA has been the subject of a number of research reports. DZ Bank upgraded Electronic Arts from a "hold" rating to a "buy" rating and boosted their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Benchmark reissued a "buy" rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. StockNews.com upgraded Electronic Arts from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 31st. BMO Capital Markets restated an "outperform" rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, Argus lifted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

Electronic Arts 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.