Royal London Asset Management Ltd. Purchases 6,706 Shares of Electronic Arts Inc. (NASDAQ:EA)

Royal London Asset Management Ltd. boosted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,824 shares of the game software company's stock after acquiring an additional 6,706 shares during the period. Royal London Asset Management Ltd.'s holdings in Electronic Arts were worth $17,091,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC lifted its position in shares of Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after buying an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock worth $160,893,000 after acquiring an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock valued at $45,626,000 after acquiring an additional 314,388 shares during the period. Raymond James Financial Inc. bought a new position in shares of Electronic Arts during the fourth quarter valued at approximately $34,334,000. Finally, Anchor Capital Advisors LLC lifted its holdings in shares of Electronic Arts by 5,606.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 219,013 shares of the game software company's stock worth $32,042,000 after purchasing an additional 215,175 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently commented on EA shares. Wedbush reissued an "outperform" rating and set a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Ascendiant Capital Markets boosted their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Benchmark increased their price target on Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Monday. Citigroup dropped their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, StockNews.com lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $155.65.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This trade represents a 13.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the sale, the chief financial officer now owns 8,750 shares of the company's stock, valued at $1,296,575. This trade represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock worth $3,166,740 in the last ninety days. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Stock Up 0.5 %

Shares of EA stock traded up $0.69 on Wednesday, reaching $145.19. 2,218,913 shares of the company's stock traded hands, compared to its average volume of 2,407,303. The business's 50 day moving average price is $132.86 and its two-hundred day moving average price is $144.61. The company has a market capitalization of $37.84 billion, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. On average, equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is currently 19.34%.

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.