Mirae Asset Global Investments Co. Ltd. Has $13.83 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,865 shares of the game software company's stock after acquiring an additional 1,944 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Electronic Arts were worth $13,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Financial Management Professionals Inc. raised its stake in Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after acquiring an additional 73 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Electronic Arts by 34.2% during the 1st 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 last quarter. Clarius Group LLC increased its position in Electronic Arts by 3.6% during the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock worth $319,000 after purchasing an additional 77 shares in the last quarter. Intrust Bank NA lifted its stake in Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after purchasing an additional 78 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $157.74 on Monday. The firm has a 50 day moving average of $149.40 and a 200-day moving average of $142.20. The company has a market cap of $39.64 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 2.14 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's payout ratio is 17.92%.

Analyst Ratings Changes

EA has been the subject of a number of research reports. Morgan Stanley increased their price target on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Ascendiant Capital Markets increased their target price on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, Wedbush raised their price objective on shares of Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.80.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's 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 transaction, the chief executive officer now directly owns 27,615 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now directly owns 26,216 shares of the company's stock, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,229 shares of company stock valued at $4,371,399. Corporate insiders own 0.24% of the company's stock.

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.

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