AG2R LA Mondiale Gestion D Actifs Makes New Investment in Electronic Arts Inc. $EA

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 9,396 shares of Electronic Arts Inc., valued at approximately $1.35 million, in the first quarter, indicating continued institutional interest in the gaming company.
• Electronic Arts recently announced a quarterly dividend of $0.19 per share, with an ex-dividend date of August 27th, which represents an annualized yield of 0.4%.
• Hedge funds and institutional investors own about 90.23% of Electronic Arts' stock, highlighting its strong institutional backing in the market.

AG2R LA Mondiale Gestion D Actifs acquired a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,396 shares of the game software company's stock, valued at approximately $1,351,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Advisor Solutions LLC purchased a new stake in Electronic Arts in the first quarter worth about $319,000. CCM Investment Group LLC purchased a new stake in Electronic Arts in the first quarter worth about $1,625,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Electronic Arts by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock worth $94,456,000 after buying an additional 13,461 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in Electronic Arts by 5.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company's stock worth $15,300,000 after buying an additional 5,275 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Electronic Arts by 4.4% in the first quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company's stock worth $23,495,000 after buying an additional 6,835 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $172.38 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $180.90. The firm has a market cap of $43.13 billion, a P/E ratio of 43.20, a PEG ratio of 2.19 and a beta of 0.75. The company has a 50 day moving average of $162.98 and a 200 day moving average of $151.82. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's payout ratio is presently 19.05%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $172.26, for a total value of $206,712.00. Following the completion of the sale, the insider owned 35,931 shares of the company's stock, valued at approximately $6,189,474.06. The trade was a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the sale, the chief executive officer directly owned 52,393 shares of the company's stock, valued at approximately $8,961,822.65. This trade represents a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,900 shares of company stock valued at $4,778,597 in the last quarter. Insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DA Davidson lifted their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a report on Monday, August 11th. Wall Street Zen lowered shares of Electronic Arts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Citigroup reiterated a "neutral" rating and set a $153.00 target price (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Wedbush reiterated an "outperform" rating and set a $210.00 target price on shares of Electronic Arts in a report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $167.12.

Electronic Arts Company 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.

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