Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 21.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 152,717 shares of the game software company's stock after purchasing an additional 26,570 shares during the period. Achmea Investment Management B.V. owned 0.06% of Electronic Arts worth $22,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EA. Capital International Investors lifted its stake in Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after acquiring an additional 605,796 shares in the last quarter. Geode Capital Management LLC increased its position in Electronic Arts by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock worth $978,650,000 after buying an additional 30,929 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Electronic Arts by 6.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after acquiring an additional 270,991 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Electronic Arts by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock valued at $476,540,000 after acquiring an additional 360,563 shares during the period. Finally, Invesco Ltd. raised its position in Electronic Arts by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after purchasing an additional 120,632 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Down 0.1%

Shares of Electronic Arts stock opened at $157.73 on Friday. The firm has a market cap of $39.63 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 2.14 and a beta of 0.71. The stock has a 50-day simple moving average of $149.16 and a 200-day simple moving average of $142.55. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. Electronic Arts's dividend payout ratio is presently 17.92%.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total value of $726,850.00. Following the sale, the chief executive officer now directly owns 27,615 shares in the company, valued at approximately $4,014,392.55. This trade represents a 15.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,229 shares of company stock valued at $4,371,399. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EA has been the subject of a number of recent research reports. Citigroup reaffirmed a "neutral" rating and set a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Argus set a $170.00 price objective on shares of Electronic Arts in a research report on Friday, May 16th. Moffett Nathanson reissued a "neutral" rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, May 7th. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their price target on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Fourteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.80.

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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