Natixis Advisors LLC Acquires 36,262 Shares of Electronic Arts Inc. (NASDAQ:EA)

Natixis Advisors LLC grew its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 16.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 263,298 shares of the game software company's stock after buying an additional 36,262 shares during the period. Natixis Advisors LLC owned 0.10% of Electronic Arts worth $37,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Capital International Investors grew its stake in shares of 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 worth $782,920,000 after purchasing an additional 833,492 shares during the period. Ninety One UK Ltd grew its stake in Electronic Arts by 1.3% in 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 acquiring an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Electronic Arts by 0.4% in 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 acquiring an additional 18,376 shares during the period. Legal & General Group Plc grew its stake in Electronic Arts by 2.1% in 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 acquiring an additional 53,800 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company's stock valued at $333,169,000 after acquiring an additional 2,090,504 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. This trade represents a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company's stock, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,884 shares of company stock worth $3,699,335. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Argus boosted their target price on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. UBS Group boosted their price target on Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. TD Cowen boosted their price target on Electronic Arts from $163.00 to $183.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. DZ Bank upgraded Electronic Arts from a "hold" rating to a "buy" rating and boosted their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Electronic Arts Price Performance

NASDAQ EA traded up $2.65 on Monday, hitting $164.01. 1,925,483 shares of the company's stock were exchanged, compared to its average volume of 2,054,940. The stock has a 50-day moving average of $147.17 and a 200-day moving average of $142.65. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $164.45. The stock has a market cap of $43.02 billion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 2.11 and a beta of 0.78.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts's payout ratio is presently 19.54%.

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.