MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Takes $2.23 Million Position in Electronic Arts Inc. $EA

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH invested approximately $2.23 million in Electronic Arts Inc. by purchasing 13,949 shares in the second quarter.
• Insiders, including CEO Andrew Wilson, sold a combined total of 30,800 shares of Electronic Arts valued at over $5 million in the last ninety days.
• Electronic Arts recently declared a quarterly dividend of $0.19 per share, translating to an annualized dividend yield of 0.5% and a payout ratio of 19.05%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,949 shares of the game software company's stock, valued at approximately $2,228,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC acquired a new position in shares of Electronic Arts during the first quarter valued at approximately $319,000. CCM Investment Group LLC acquired a new position in Electronic Arts in the 1st quarter valued at $1,625,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in 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 in the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in Electronic Arts by 4.6% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company's stock valued at $13,944,000 after purchasing an additional 3,999 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Electronic Arts by 5.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company's stock worth $15,300,000 after buying an additional 5,275 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total value of $863,950.00. Following the sale, the chief executive officer owned 47,393 shares of the company's stock, valued at $8,189,036.47. The trade was a 9.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $171.52, for a total value of $205,824.00. Following the transaction, the executive vice president owned 26,080 shares of the company's stock, valued at approximately $4,473,241.60. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,800 shares of company stock worth $5,077,960. Insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $168.32 on Friday. The stock has a fifty day simple moving average of $166.81 and a 200-day simple moving average of $154.05. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a market cap of $42.12 billion, a PE ratio of 42.19, a P/E/G ratio of 2.54 and a beta of 0.75. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $180.90.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. Electronic Arts's dividend payout ratio (DPR) is currently 19.05%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EA shares. Bank of America raised their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Roth Capital upgraded Electronic Arts from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $175.00 to $185.00 in a report on Tuesday, June 24th. Arete Research set a $192.00 price target on Electronic Arts in a research report on Tuesday, August 5th. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Robert W. Baird boosted their price objective on Electronic Arts from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of "Moderate Buy" and a consensus price target of $167.40.

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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