AIA Group Ltd Purchases 1,356 Shares of Electronic Arts Inc. (NASDAQ:EA)

AIA Group Ltd boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 5.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,222 shares of the game software company’s stock after buying an additional 1,356 shares during the quarter. AIA Group Ltd’s holdings in Electronic Arts were worth $3,836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Electronic Arts by 14.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,856 shares of the game software company’s stock valued at $2,612,000 after purchasing an additional 2,201 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Electronic Arts by 15.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,174 shares of the game software company’s stock valued at $313,000 after buying an additional 290 shares during the last quarter. Schroder Investment Management Group raised its stake in Electronic Arts by 100.8% during the fourth quarter. Schroder Investment Management Group now owns 801,915 shares of the game software company’s stock valued at $117,513,000 after buying an additional 402,501 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Electronic Arts by 591.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company’s stock worth $101,951,000 after acquiring an additional 596,141 shares during the last quarter. Finally, Intrust Bank NA increased 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 valued at $362,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.7 %

EA stock opened at $144.25 on Monday. The business’s 50-day moving average price is $133.05 and its 200-day moving average price is $144.63. The stock has a market cap of $37.59 billion, a P/E ratio of 36.70, a PEG ratio of 3.58 and a beta of 0.78. 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 Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly 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 research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the 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 completion of the transaction, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock valued at $3,018,560. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EA shares. Bank of America upped their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Citigroup dropped their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus reduced their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Monday, January 27th. 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, the company has a consensus rating of “Hold” and a consensus target price of $155.65.

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.