PGGM Investments Acquires 9,648 Shares of Electronic Arts Inc. (NASDAQ:EA)

PGGM Investments grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 21.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,654 shares of the game software company's stock after purchasing an additional 9,648 shares during the period. PGGM Investments' holdings in Electronic Arts were worth $7,850,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EA. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. increased its position in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth $32,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC grew its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after buying an additional 70 shares during the period. Institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. Citigroup dropped their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Ascendiant Capital Markets upped their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a report on Friday, January 31st. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $154.78.

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Electronic Arts Stock Performance

Electronic Arts stock traded up $4.19 on Monday, hitting $142.90. The company's stock had a trading volume of 4,510,546 shares, compared to its average volume of 2,371,183. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The firm has a market cap of $37.24 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a fifty day moving average price of $132.85 and a 200-day moving average price of $144.85. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts's payout ratio is currently 19.34%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the sale, the chief executive officer now directly owns 47,615 shares of the company's stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $3,194,240 in the last quarter. 0.22% of the stock is owned by corporate insiders.

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.