MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Position in Electronic Arts Inc. (NASDAQ:EA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 273,653 shares of the game software company's stock after selling 1,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of Electronic Arts worth $40,036,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new position in shares of Electronic Arts during the fourth quarter valued at $636,000. Gotham Asset Management LLC increased its holdings in shares of Electronic Arts by 9.2% in the fourth quarter. Gotham Asset Management LLC now owns 26,060 shares of the game software company's stock worth $3,813,000 after acquiring an additional 2,186 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Electronic Arts during the fourth quarter worth about $224,000. Focus Partners Wealth grew its holdings in shares of Electronic Arts by 121.9% during the fourth quarter. Focus Partners Wealth now owns 10,422 shares of the game software company's stock worth $1,525,000 after buying an additional 5,725 shares in the last quarter. Finally, Ethic Inc. grew its holdings in shares of Electronic Arts by 18.7% during the fourth quarter. Ethic Inc. now owns 37,038 shares of the game software company's stock worth $5,419,000 after buying an additional 5,835 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised 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. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Roth Capital restated a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, May 7th. Moffett Nathanson restated a "neutral" rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, HSBC upgraded Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $161.83.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the transaction, the chief financial officer now directly owns 9,516 shares of the company's stock, valued at $1,238,126.76. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the transaction, the insider now owns 40,189 shares in the company, valued at approximately $6,252,202.73. The trade was a 5.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,500 shares of company stock valued at $3,342,580. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Stock Up 1.3%

EA stock traded up $1.97 during trading on Friday, reaching $151.54. 3,933,925 shares of the stock were exchanged, compared to its average volume of 2,727,658. The firm's 50 day moving average is $144.51 and its 200 day moving average is $145.05. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 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%.

Electronic Arts 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.