Electronic Arts Inc. $EA Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Electronic Arts by 5.7%, owning 188,028 shares valued at approximately $25.16 million at the end of the first quarter.
• Electronic Arts' stock has a market cap of $42.89 billion and has a current price-to-earnings ratio of 42.96, with a 12-month low of $115.21 and a high of $180.90.
• Several analysts have given Electronic Arts a consensus target price of $167.12, with ratings ranging from "Strong Buy" to "Hold".

APG Asset Management N.V. trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,028 shares of the game software company's stock after selling 11,433 shares during the period. APG Asset Management N.V. owned about 0.07% of Electronic Arts worth $25,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nomura Holdings Inc. lifted its holdings in Electronic Arts by 11.7% in the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after acquiring an additional 3,259 shares during the period. CCM Investment Group LLC purchased a new position in Electronic Arts in the 1st quarter valued at approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Electronic Arts by 2.1% during 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 purchasing an additional 13,461 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its position in Electronic Arts by 5.2% during 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 purchasing an additional 5,275 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Electronic Arts by 11,587.9% in the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock valued at $96,737,000 after purchasing an additional 663,640 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on EA shares. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Moffett Nathanson restated a "neutral" rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the company an "equal weight" rating in a research note on Monday, July 28th. Roth Capital raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and upped their price objective for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. Finally, UBS Group set a $167.00 price target on Electronic Arts and gave the stock a "neutral" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.12.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total value of $171,060.00. Following the completion of the sale, the chief financial officer directly owned 15,140 shares of the company's stock, valued at $2,589,848.40. The trade was a 6.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider directly owned 58,092 shares in the company, valued at approximately $9,032,725.08. This represents a 4.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,400 shares of company stock valued at $4,349,372. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Stock Down 0.9%

EA traded down $1.61 during trading on Thursday, hitting $170.99. The company had a trading volume of 2,628,442 shares, compared to its average volume of 3,462,468. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $42.78 billion, a PE ratio of 42.85, a P/E/G ratio of 2.22 and a beta of 0.72. The business has a 50-day moving average of $159.71 and a 200-day moving average of $148.45.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is presently 19.05%.

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.