Electronic Arts Inc. $EA Shares Bought by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd has increased its stake in Electronic Arts by 4.6%, owning approximately 4,355,950 shares after adding 193,442 shares in the second quarter.
• The company's quarterly dividend of $0.19 per share was recently paid, resulting in an annualized yield of 0.4% and a payout ratio of 19.05%.
• Analysts have issued varied ratings on Electronic Arts, with an average target price of $176.04, while Jefferies Financial Group raised its price target to $210.00 despite downgrading the stock to "hold."

Ninety One UK Ltd increased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,355,950 shares of the game software company's stock after purchasing an additional 193,442 shares during the period. Electronic Arts accounts for about 1.6% of Ninety One UK Ltd's investment portfolio, making the stock its 16th biggest holding. Ninety One UK Ltd owned about 1.73% of Electronic Arts worth $695,645,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Greenleaf Trust grew its stake in Electronic Arts by 4.5% in the second quarter. Greenleaf Trust now owns 5,829 shares of the game software company's stock worth $931,000 after purchasing an additional 249 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Electronic Arts by 50.0% in the second quarter. Janney Montgomery Scott LLC now owns 13,874 shares of the game software company's stock worth $2,216,000 after purchasing an additional 4,626 shares in the last quarter. GC Wealth Management RIA LLC acquired a new position in Electronic Arts in the second quarter worth about $588,000. RBA Wealth Management LLC grew its stake in Electronic Arts by 0.6% in the second quarter. RBA Wealth Management LLC now owns 28,385 shares of the game software company's stock worth $4,533,000 after purchasing an additional 182 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Electronic Arts by 6.9% in the second quarter. Signaturefd LLC now owns 4,365 shares of the game software company's stock worth $697,000 after purchasing an additional 283 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Down 0.2%

Electronic Arts stock opened at $201.70 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $50.47 billion, a price-to-earnings ratio of 50.55, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The firm's 50 day moving average price is $169.54 and its two-hundred day moving average price is $155.44.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were given a $0.19 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts's payout ratio is 19.05%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group cut shares of Electronic Arts from a "buy" rating to a "hold" rating and raised their target price for the stock from $200.00 to $210.00 in a report on Tuesday. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and lifted their price target for the company from $175.00 to $185.00 in a report on Tuesday, June 24th. Wedbush reaffirmed a "neutral" rating and set a $200.00 price target on shares of Electronic Arts in a report on Monday. HSBC cut Electronic Arts from a "buy" rating to a "hold" rating and set a $191.00 price target on the stock. in a report on Monday. Finally, DZ Bank cut Electronic Arts from a "strong-buy" rating to a "strong sell" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $176.04.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer owned 52,393 shares in the company, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the completion of the transaction, the executive vice president owned 28,448 shares in the company, valued at approximately $4,219,407.36. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,500 shares of company stock worth $6,743,160. 0.24% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.