Man Group plc Has $47.66 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Man Group plc increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,754 shares of the game software company's stock after purchasing an additional 42,707 shares during the period. Man Group plc owned 0.12% of Electronic Arts worth $47,658,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Claro Advisors LLC increased its stake in shares of Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after acquiring an additional 75 shares during the period. Intrust Bank NA increased its stake in shares of Electronic Arts by 3.3% during the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after acquiring an additional 78 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after acquiring an additional 81 shares during the period. Ballentine Partners LLC increased its stake in shares of Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after acquiring an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock valued at $708,000 after acquiring an additional 83 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird set a $168.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their price objective on shares of Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Ascendiant Capital Markets raised their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Moffett Nathanson restated a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and an average price target of $161.83.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,342,580 in the last quarter. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Up 1.3%

Shares of NASDAQ:EA traded up $1.97 during trading on Friday, reaching $151.54. 3,933,925 shares of the company traded hands, compared to its average volume of 2,725,737. The firm has a fifty day simple moving average of $144.51 and a 200 day simple moving average of $145.02. The firm has a market cap of $38.00 billion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

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.