Ninety One SA PTY Ltd Has $7.50 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Ninety One SA PTY Ltd grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 260.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,127 shares of the game software company's stock after buying an additional 37,678 shares during the quarter. Electronic Arts makes up 1.4% of Ninety One SA PTY Ltd's portfolio, making the stock its 22nd largest position. Ninety One SA PTY Ltd's holdings in Electronic Arts were worth $7,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth approximately $28,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $37,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth approximately $39,000. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Wedbush upgraded shares of Electronic Arts to a "strong-buy" rating in a report on Tuesday, July 1st. Moffett Nathanson reiterated a "neutral" rating and set a $163.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. Argus set a $170.00 price target on shares of Electronic Arts in a report on Friday, May 16th. Finally, Roth Capital upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $175.00 to $185.00 in a report on Tuesday, June 24th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $162.80.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total transaction of $398,750.00. Following the completion of the transaction, the insider directly owned 60,592 shares in the company, valued at $9,664,424. This trade represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total transaction of $159,530.00. Following the transaction, the insider owned 37,131 shares of the company's stock, valued at $5,923,508.43. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,729 shares of company stock valued at $4,784,679. 0.24% of the stock is owned by insiders.

Electronic Arts Stock Down 1.7%

EA traded down $2.61 during midday trading on Friday, hitting $148.69. The company had a trading volume of 1,840,332 shares, compared to its average volume of 2,813,521. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $37.36 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.05 and a beta of 0.73. The stock's 50 day moving average price is $151.14 and its 200 day moving average price is $142.55.

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 paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

Electronic Arts Company 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.