Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by PGGM Investments

PGGM Investments lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,599 shares of the game software company’s stock after acquiring an additional 1,043 shares during the quarter. PGGM Investments’ holdings in Electronic Arts were worth $5,784,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Raymond James & Associates lifted its stake in Electronic Arts by 24.1% in the 4th quarter. Raymond James & Associates now owns 77,201 shares of the game software company’s stock valued at $10,562,000 after buying an additional 14,969 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Electronic Arts by 15.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 32,332 shares of the game software company’s stock valued at $4,423,000 after buying an additional 4,344 shares in the last quarter. Blue Trust Inc. lifted its stake in Electronic Arts by 58.5% in the 4th quarter. Blue Trust Inc. now owns 618 shares of the game software company’s stock valued at $85,000 after buying an additional 228 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in Electronic Arts in the 4th quarter valued at about $227,000. Finally, Venturi Wealth Management LLC lifted its stake in Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after buying an additional 102 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at $8,954,110.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at $8,954,110.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Eric Charles Kelly sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the sale, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at $997,507.50. The disclosure for this sale can be found here. In the last three months, insiders sold 23,239 shares of company stock valued at $3,197,469. Insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 0.3 %

Electronic Arts stock traded up $0.43 during trading on Friday, hitting $148.83. The company had a trading volume of 1,823,429 shares, compared to its average volume of 2,638,668. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $153.51. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The company’s 50 day simple moving average is $140.16 and its 200-day simple moving average is $135.98. The stock has a market cap of $39.55 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. As a group, analysts expect that Electronic Arts Inc. will post 5.76 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EA shares. Wedbush raised their price target on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. The Goldman Sachs Group raised their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, Raymond James raised their target price on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.16.

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.