OVERSEA CHINESE BANKING Corp Ltd Has $1.39 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 51.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,683 shares of the game software company's stock after buying an additional 3,281 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Electronic Arts were worth $1,389,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EA. Empowered Funds LLC lifted its holdings in Electronic Arts by 23.7% in the 1st quarter. Empowered Funds LLC now owns 9,631 shares of the game software company's stock worth $1,278,000 after buying an additional 1,844 shares in the last quarter. Sei Investments Co. grew its position in shares of Electronic Arts by 17.0% during the first quarter. Sei Investments Co. now owns 130,988 shares of the game software company's stock worth $17,379,000 after buying an additional 18,985 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in Electronic Arts by 5.9% in the first quarter. Meeder Advisory Services Inc. now owns 1,925 shares of the game software company's stock valued at $255,000 after acquiring an additional 108 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Electronic Arts by 6.9% in the first quarter. Avantax Advisory Services Inc. now owns 3,408 shares of the game software company's stock valued at $452,000 after acquiring an additional 220 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in Electronic Arts by 7.1% during the 1st quarter. Bleakley Financial Group LLC now owns 13,166 shares of the game software company's stock valued at $1,747,000 after acquiring an additional 868 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Price Performance

EA traded down $0.15 during trading on Wednesday, reaching $162.72. The stock had a trading volume of 2,320,243 shares, compared to its average volume of 2,057,564. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $163.00. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $146.15 and a two-hundred day moving average of $141.91. The firm has a market capitalization of $42.68 billion, a price-to-earnings ratio of 41.69, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares of the company's stock, valued at approximately $7,969,926.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the sale, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock worth $3,886,282 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EA shares. Roth Mkm upped their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Electronic Arts from $139.00 to $150.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Morgan Stanley reiterated an "equal weight" rating and issued a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Oppenheimer raised their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 16th. Finally, Robert W. Baird boosted their target price on shares of Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Eight equities 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $165.37.

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.