Vinva Investment Management Ltd Acquires 51,102 Shares of Electronic Arts Inc. (NASDAQ:EA)

Vinva Investment Management Ltd grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 91.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,257 shares of the game software company’s stock after buying an additional 51,102 shares during the period. Electronic Arts makes up 0.7% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 25th largest holding. Vinva Investment Management Ltd’s holdings in Electronic Arts were worth $15,515,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EA. Public Sector Pension Investment Board increased its position in Electronic Arts by 11.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,869 shares of the game software company’s stock valued at $1,272,000 after buying an additional 900 shares in the last quarter. Fiduciary Trust Co acquired a new position in shares of Electronic Arts during the third quarter worth approximately $261,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Electronic Arts by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 320,537 shares of the game software company’s stock worth $45,978,000 after purchasing an additional 6,700 shares in the last quarter. Providence Capital Advisors LLC grew its position in Electronic Arts by 1.8% in the 3rd quarter. Providence Capital Advisors LLC now owns 44,115 shares of the game software company’s stock valued at $6,328,000 after purchasing an additional 800 shares during the period. Finally, BNP Paribas increased its stake in Electronic Arts by 37.1% during the 3rd quarter. BNP Paribas now owns 912 shares of the game software company’s stock valued at $131,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $3,073,520 over the last quarter. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Down 1.2 %

Shares of NASDAQ:EA opened at $163.10 on Thursday. The stock has a 50 day moving average price of $150.16 and a 200-day moving average price of $144.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $42.78 billion, a P/E ratio of 41.93, a P/E/G ratio of 2.14 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. Electronic Arts’s dividend payout ratio is currently 19.54%.

Analyst Upgrades and Downgrades

EA has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Raymond James lifted their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Argus raised their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average target price of $165.37.

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.