Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 726,016 shares of the game software company's stock after acquiring an additional 81,784 shares during the period. Robeco Institutional Asset Management B.V. owned 0.27% of Electronic Arts worth $104,140,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company's stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares in the last quarter. Capital International Investors lifted its position in Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company's stock valued at $782,920,000 after purchasing an additional 833,492 shares in the last quarter. Ninety One UK Ltd lifted its position in Electronic Arts by 1.3% during the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company's stock valued at $596,825,000 after purchasing an additional 53,237 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company's stock valued at $583,162,000 after purchasing an additional 18,376 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Electronic Arts by 2.1% during the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company's stock valued at $367,789,000 after purchasing an additional 53,800 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 1.1 %

Electronic Arts stock traded up $1.63 during mid-day trading on Monday, reaching $152.89. 1,927,651 shares of the company were exchanged, compared to its average volume of 2,059,023. The business has a fifty day moving average of $144.96 and a 200 day moving average of $140.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. The firm has a market cap of $40.39 billion, a P/E ratio of 39.30, a PEG ratio of 2.05 and a beta of 0.78. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $153.51.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts's payout ratio is presently 19.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EA. Benchmark restated a "buy" rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Roth Mkm boosted their price objective on Electronic Arts from $154.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Oppenheimer boosted their price objective on Electronic Arts from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, July 16th. Finally, Jefferies Financial Group began coverage on Electronic Arts in a research report on Thursday, July 11th. They issued a "buy" rating and a $165.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $164.39.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now directly owns 30,190 shares in the company, valued at $4,579,823. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares in the company, valued at $4,579,823. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,644 shares of company stock valued at $3,491,207 in the last ninety days. Company insiders own 0.22% of the company's stock.

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.