Sumitomo Mitsui DS Asset Management Company Ltd Purchases 3,225 Shares of Electronic Arts Inc. (NASDAQ:EA)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,252 shares of the game software company's stock after acquiring an additional 3,225 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Electronic Arts were worth $5,596,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Electronic Arts in the 2nd quarter worth approximately $749,000. Mather Group LLC. lifted its position in Electronic Arts by 18.5% in the 3rd quarter. Mather Group LLC. now owns 1,024 shares of the game software company's stock worth $147,000 after buying an additional 160 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth $216,000. CWM LLC increased its stake in shares of Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company's stock worth $904,000 after purchasing an additional 95 shares during the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Electronic Arts by 5.5% during the 3rd quarter. Wedmont Private Capital now owns 2,318 shares of the game software company's stock worth $331,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now owns 52,615 shares of the company's stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares in the company, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,000 shares of company stock worth $3,889,585. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Benchmark dropped their price target on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. UBS Group raised their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Argus raised their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and raised their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of "Hold" and an average target price of $155.24.

Electronic Arts Price Performance

EA stock traded down $2.18 during trading on Wednesday, hitting $131.17. 3,070,883 shares of the stock traded hands, compared to its average volume of 4,366,713. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 2.74 and a beta of 0.79. The company has a 50 day simple moving average of $142.62 and a 200 day simple moving average of $147.26. The company has a current ratio of 1.38, a quick ratio of 1.43 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 (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%. Equities analysts expect that Electronic Arts Inc. will post 4.99 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's dividend payout ratio is currently 19.34%.

About Electronic Arts

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.