Ninety One UK Ltd Has $601.57 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Ninety One UK Ltd lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,162,508 shares of the game software company's stock after selling 28,144 shares during the quarter. Electronic Arts comprises about 1.7% of Ninety One UK Ltd's holdings, making the stock its 15th biggest holding. Ninety One UK Ltd owned 1.60% of Electronic Arts worth $601,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Security National Bank of SO Dak grew its stake in Electronic Arts by 1.4% in the 1st quarter. Security National Bank of SO Dak now owns 8,734 shares of the game software company's stock valued at $1,262,000 after acquiring an additional 121 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Electronic Arts by 38.7% in the first quarter. TD Private Client Wealth LLC now owns 9,078 shares of the game software company's stock valued at $1,312,000 after buying an additional 2,532 shares during the period. Penserra Capital Management LLC raised its holdings in Electronic Arts by 17.8% in the first quarter. Penserra Capital Management LLC now owns 10,155 shares of the game software company's stock valued at $1,466,000 after buying an additional 1,533 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Electronic Arts by 33.9% during the first quarter. Concurrent Investment Advisors LLC now owns 2,277 shares of the game software company's stock valued at $329,000 after purchasing an additional 576 shares during the period. Finally, VELA Investment Management LLC raised its stake in shares of Electronic Arts by 47.6% during the first quarter. VELA Investment Management LLC now owns 3,607 shares of the game software company's stock valued at $521,000 after purchasing an additional 1,164 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total value of $151,320.00. Following the transaction, the chief financial officer owned 14,533 shares in the company, valued at approximately $2,199,133.56. This represents a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total value of $398,750.00. Following the completion of the sale, the insider directly owned 60,592 shares of the company's stock, valued at approximately $9,664,424. This trade represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,729 shares of company stock valued at $4,784,679. Insiders own 0.24% of the company's stock.

Electronic Arts Price Performance

Shares of EA traded down $1.91 during mid-day trading on Friday, hitting $149.39. 375,270 shares of the stock were exchanged, compared to its average volume of 3,567,624. The company has a market cap of $37.54 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.07 and a beta of 0.73. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a 50-day moving average of $151.19 and a two-hundred day moving average of $142.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's payout ratio is currently 17.92%.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research note on Wednesday, May 7th. UBS Group boosted their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 price objective on Electronic Arts in a report on Wednesday, May 7th. Finally, Argus set a $170.00 target price on Electronic Arts in a research note on Friday, May 16th. Fourteen 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.80.

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.