Robeco Institutional Asset Management B.V. Has $171.58 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,187,230 shares of the game software company's stock after buying an additional 87,484 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.46% of Electronic Arts worth $171,578,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EA. Value Partners Investments Inc. boosted its holdings in Electronic Arts by 1,138.2% during the first quarter. Value Partners Investments Inc. now owns 318,877 shares of the game software company's stock worth $46,135,000 after buying an additional 293,124 shares in the last quarter. Arlington Partners LLC raised its position in Electronic Arts by 23.3% during the first quarter. Arlington Partners LLC now owns 34,536 shares of the game software company's stock worth $4,991,000 after acquiring an additional 6,532 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Electronic Arts by 176.8% during the 1st quarter. Golden State Wealth Management LLC now owns 346 shares of the game software company's stock valued at $50,000 after buying an additional 221 shares during the last quarter. Invesco LLC boosted its stake in shares of Electronic Arts by 33.8% during the first quarter. Invesco LLC now owns 5,218 shares of the game software company's stock valued at $754,000 after acquiring an additional 1,319 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Electronic Arts by 0.9% during the first quarter. Asset Management One Co. Ltd. now owns 154,291 shares of the game software company's stock worth $22,298,000 after buying an additional 1,415 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total value of $726,850.00. Following the transaction, the chief executive officer now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president now directly owns 19,033 shares of the company's stock, valued at $2,772,156.45. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,229 shares of company stock valued at $4,371,399 in the last quarter. Insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

Shares of EA stock traded down $0.09 on Thursday, hitting $157.73. 1,455,420 shares of the stock traded hands, compared to its average volume of 2,788,313. The company's fifty day moving average is $148.92 and its 200 day moving average is $142.60. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a market capitalization of $39.55 billion, a PE ratio of 37.20, a PEG ratio of 2.17 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

Analyst Ratings Changes

Several research firms have recently issued reports on EA. Benchmark raised their price objective on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. UBS Group increased their target price on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. TD Cowen lifted their price target on Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Argus set a $170.00 price objective on shares of Electronic Arts in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. increased 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. Fourteen 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 company has an average rating of "Moderate Buy" and an average price target 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.