Resona Asset Management Co. Ltd. Buys New Stake in Electronic Arts Inc. (NASDAQ:EA)

Resona Asset Management Co. Ltd. purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,617 shares of the game software company’s stock, valued at approximately $14,741,000.

A number of other institutional investors also recently added to or reduced their stakes in EA. Pinnacle Bancorp Inc. raised its stake in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Electronic Arts during the fourth quarter worth about $32,000. Millstone Evans Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts in the 4th quarter worth $41,000. Finally, OFI Invest Asset Management bought a new position in shares of Electronic Arts during the 4th quarter worth approximately $42,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred 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 directly owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,015,990 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $135.34 on Monday. The business has a 50 day moving average of $134.10 and a 200-day moving average of $144.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a market capitalization of $35.27 billion, a P/E ratio of 34.44, a P/E/G ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last announced 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 return on equity of 17.80% and a net margin of 14.28%. On average, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EA. Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Friday, January 31st. DA Davidson began coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price for the company. Finally, Citigroup cut their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $155.30.

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.