Electronic Arts Inc. (NASDAQ:EA) Shares Bought by National Pension Service

Key Points

• National Pension Service increased its stake in Electronic Arts Inc. by 4.2% during the 1st quarter, now holding approximately 0.17% of the company valued at $64.6 million.
• Insider selling occurred with CEO Andrew Wilson divesting 6,563 shares for about $992,194, reducing his ownership by 8.57%.
• Electronic Arts recently announced a quarterly dividend of $0.19 per share, with a record date of August 27th, offering an annualized yield of 0.4%.

National Pension Service boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447,207 shares of the game software company's stock after buying an additional 17,988 shares during the period. National Pension Service owned approximately 0.17% of Electronic Arts worth $64,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. increased its holdings in shares of Electronic Arts by 15.0% in the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after purchasing an additional 73 shares during the period. Bank of Jackson Hole Trust increased its holdings in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after purchasing an additional 75 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of Electronic Arts by 34.2% in the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock valued at $43,000 after purchasing an additional 76 shares during the period. Clarius Group LLC increased its holdings in shares of Electronic Arts by 3.6% in the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after purchasing an additional 77 shares during the period. Finally, Conning Inc. increased its holdings in shares of Electronic Arts by 4.7% in the first quarter. Conning Inc. now owns 1,749 shares of the game software company's stock valued at $253,000 after purchasing an additional 78 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 6,563 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total transaction of $992,194.34. Following the completion of the transaction, the chief executive officer owned 70,059 shares of the company's stock, valued at $10,591,519.62. This represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $148.69, for a total value of $223,035.00. Following the transaction, the executive vice president directly owned 29,948 shares of the company's stock, valued at $4,452,968.12. The trade was a 4.77% 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 $4,452,664. 0.24% of the stock is owned by insiders.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $179.01 on Friday. The business has a 50 day simple moving average of $155.63 and a two-hundred day simple moving average of $145.44. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90. The stock has a market capitalization of $44.79 billion, a P/E ratio of 44.86, a PEG ratio of 2.30 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on EA shares. The Goldman Sachs Group upped their target price on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. UBS Group set a $167.00 target price on Electronic Arts and gave the stock a "neutral" rating in a research note on Friday, August 1st. Wall Street Zen downgraded Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Robert W. Baird upped their target price on Electronic Arts from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, HSBC upgraded Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Wednesday, May 7th. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.12.

Electronic Arts 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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