Raiffeisen Bank International AG Has $5.87 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Key Points

• Raiffeisen Bank International AG increased its stake in Electronic Arts by 9.8%, acquiring an additional 3,641 shares, bringing its total holdings to 40,669 shares valued at nearly $5.87 million.
• Several major investors, including Nomura Holdings and GAMMA Investing, have also increased their positions in Electronic Arts, indicating strong institutional interest with over 90% of the stock owned by institutional investors.
• Electronic Arts declared a quarterly dividend of $0.19 per share, with an ex-dividend date of August 27, representing an annual yield of 0.5%.

Raiffeisen Bank International AG raised its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,669 shares of the game software company's stock after purchasing an additional 3,641 shares during the quarter. Raiffeisen Bank International AG's holdings in Electronic Arts were worth $5,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Holdings Inc. grew its stake in shares of Electronic Arts by 11.7% in the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after purchasing an additional 3,259 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Electronic Arts by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock valued at $94,456,000 after purchasing an additional 13,461 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Electronic Arts by 11,587.9% in the 1st 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. Arlington Partners LLC grew its stake in shares of Electronic Arts by 23.3% in the 1st quarter. Arlington Partners LLC now owns 34,536 shares of the game software company's stock valued at $4,991,000 after purchasing an additional 6,532 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Electronic Arts by 45.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,397 shares of the game software company's stock valued at $2,370,000 after purchasing an additional 5,130 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 1.2%

Electronic Arts stock traded up $2.01 during mid-day trading on Wednesday, hitting $163.00. 2,597,063 shares of the company's stock were exchanged, compared to its average volume of 2,810,392. The company has a current ratio of 0.84, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The stock has a market cap of $40.78 billion, a P/E ratio of 40.85, a P/E/G ratio of 2.08 and a beta of 0.72. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The stock has a 50 day moving average of $151.96 and a two-hundred day moving average of $143.51.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's dividend payout ratio is presently 19.05%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 6,563 shares of Electronic Arts stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total transaction of $992,194.34. Following the sale, the chief executive officer directly owned 70,059 shares of the company's stock, valued at $10,591,519.62. This trade represents a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $159.50, for a total transaction of $398,750.00. Following the transaction, the insider owned 60,592 shares of the company's stock, valued at approximately $9,664,424. This represents a 3.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,229 shares of company stock valued at $5,066,049 over the last three months. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EA. Moffett Nathanson restated a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Argus set a $170.00 price objective on Electronic Arts in a report on Friday, May 16th. Wedbush reaffirmed an "outperform" rating and set a $210.00 price objective on shares of Electronic Arts in a report on Tuesday, July 22nd. Oppenheimer lifted their price objective on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a report on Wednesday, May 7th. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.35.

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.