Resona Asset Management Co. Ltd. Invests $14.74 Million in Electronic Arts Inc. (NASDAQ:EA)

Resona Asset Management Co. Ltd. acquired a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 100,617 shares of the game software company's stock, valued at approximately $14,741,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Claro Advisors LLC grew its holdings in Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after acquiring an additional 75 shares during the last quarter. Intrust Bank NA boosted its holdings in shares of Electronic Arts by 3.3% during the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after purchasing an additional 78 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC grew its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Electronic Arts by 1.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock valued at $708,000 after purchasing an additional 83 shares during the period. Institutional investors own 90.23% of the company's stock.

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Electronic Arts Stock Up 2.0 %

Shares of NASDAQ EA traded up $2.73 during midday trading on Friday, hitting $142.12. The stock had a trading volume of 662,817 shares, compared to its average volume of 2,603,668. The company has a market cap of $37.04 billion, a P/E ratio of 36.12, a PEG ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business's 50 day moving average is $136.02 and its 200-day moving average is $144.32. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EA shares. DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective on the stock. Robert W. Baird cut their price target on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Roth Mkm decreased their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Benchmark lifted their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Finally, Oppenheimer decreased their price target on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $155.30.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock worth $3,015,990. 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.