Munich Reinsurance Co Stock Corp in Munich Makes New Investment in Electronic Arts Inc. $EA

Key Points

• Munich Re purchased a new position of 16,004 shares of Electronic Arts (NASDAQ:EA) in Q3, valued at about $3.228 million.
• Company insiders sold stock recently—Laura Miele sold 2,500 shares and CEO Andrew Wilson sold 5,000 shares on Feb. 17—and insiders disposed of 27,600 shares (~$5.59M) over the last three months, leaving insider ownership at 0.24%.
• Analysts' consensus is a Hold with an average target price of $188.30 (3 Buys, 19 Holds, 1 Sell); EA trades near $198, has a market cap of ~$49.6B, and pays a quarterly dividend of $0.19 (yield ≈0.4%).

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,004 shares of the game software company's stock, valued at approximately $3,228,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. boosted its position in shares of Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company's stock worth $28,000 after purchasing an additional 69 shares in the last quarter. MTM Investment Management LLC acquired a new position in Electronic Arts during the 2nd quarter valued at about $30,000. Oakworth Capital Inc. purchased a new stake in Electronic Arts in the third quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company's stock valued at $34,000 after buying an additional 95 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Electronic Arts in the second quarter worth about $37,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EA shares. Zacks Research lowered Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 19th. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup dropped their target price on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $188.30.

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the sale, the insider owned 48,343 shares in the company, valued at $9,645,878.79. This represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.50, for a total transaction of $997,500.00. Following the completion of the transaction, the chief executive officer owned 33,858 shares in the company, valued at approximately $6,754,671. This trade represents a 12.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 27,600 shares of company stock worth $5,589,823. 0.24% of the stock is owned by company insiders.

Electronic Arts Stock Performance

Shares of EA opened at $198.00 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50-day moving average of $202.42 and a two-hundred day moving average of $196.13. The stock has a market cap of $49.55 billion, a P/E ratio of 74.44, a P/E/G ratio of 2.36 and a beta of 0.75. Electronic Arts Inc. has a one year low of $131.15 and a one year high of $204.88.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's payout ratio is 28.57%.

About Electronic Arts

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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