KBC Group NV Has $10.83 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

KBC Group NV reduced its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,048 shares of the game software company's stock after selling 3,806 shares during the period. KBC Group NV's holdings in Electronic Arts were worth $10,833,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Atomi Financial Group Inc. acquired a new stake in Electronic Arts in the fourth quarter valued at $217,000. Huntington National Bank increased its position in Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after buying an additional 234,098 shares during the period. Dai ichi Life Insurance Company Ltd lifted its position in Electronic Arts by 20.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company's stock valued at $9,205,000 after purchasing an additional 11,058 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Electronic Arts by 5.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company's stock valued at $12,078,000 after purchasing an additional 4,702 shares during the period. Finally, Greenwood Capital Associates LLC acquired a new position in shares of Electronic Arts during the third quarter worth approximately $5,597,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EA shares. Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research note on Tuesday, January 21st. Argus lifted their price target on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Roth Mkm reduced their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Oppenheimer decreased their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Finally, Raymond James lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Electronic Arts presently has an average rating of "Hold" and a consensus price target of $158.05.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction 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 sale, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 3.43 % 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, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares in the company, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock worth $3,986,385 over the last ninety days. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded up $1.22 during trading hours on Thursday, hitting $118.32. 2,798,959 shares of the stock were exchanged, compared to its average volume of 3,859,311. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company's 50 day moving average is $149.52 and its 200 day moving average is $148.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $31.03 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.87 and a beta of 0.80.

Electronic Arts Company 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.