Nomura Asset Management Co. Ltd. Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Nomura Asset Management Co. Ltd. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,200 shares of the game software company's stock after buying an additional 4,702 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Electronic Arts were worth $12,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EA. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the third quarter valued at about $25,000. Family Firm Inc. purchased a new position in shares of Electronic Arts during the 2nd quarter worth approximately $33,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at approximately $36,000. Gradient Investments LLC raised its position in Electronic Arts by 592.1% in the second quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock valued at $37,000 after purchasing an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its stake in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $146.58, for a total transaction of $219,870.00. Following the completion of the transaction, the executive vice president now owns 26,360 shares in the company, valued at approximately $3,863,848.80. This represents a 5.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the sale, the chief executive officer now owns 54,247 shares of the company's stock, valued at $7,675,950.50. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,000 shares of company stock valued at $3,086,270. Insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Roth Mkm increased their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price target on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Benchmark reiterated a "buy" rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, UBS Group boosted their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Electronic Arts Stock Performance

Shares of EA stock traded down $1.33 during trading hours on Thursday, hitting $162.59. The stock had a trading volume of 2,599,853 shares, compared to its average volume of 2,040,278. 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 $42.64 billion, a PE ratio of 41.80, a PEG ratio of 2.18 and a beta of 0.79. The stock's 50 day moving average is $155.28 and its 200 day moving average is $147.11. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts's payout ratio is currently 19.54%.

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.