MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $40.04 Million Position in Electronic Arts Inc. (NASDAQ:EA)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. Swedbank AB increased its stake in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock worth $235,224,000 after purchasing an additional 95,190 shares during the period. Atomi Financial Group Inc. acquired a new stake in Electronic Arts in the 4th quarter valued at approximately $217,000. Huntington National Bank grew its holdings in Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after buying an additional 80,968 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock worth $213,089,000 after buying an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD acquired a new position in shares of Electronic Arts during the fourth quarter worth approximately $3,730,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. BMO Capital Markets reduced their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $161.29.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. The trade was a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now directly owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. The trade was a 11.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,500 shares of company stock worth $3,342,580. Insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

EA stock traded down $0.35 during trading on Monday, hitting $151.19. 1,397,005 shares of the stock traded hands, compared to its average volume of 2,720,744. The stock has a market cap of $37.91 billion, a price-to-earnings ratio of 38.45, a P/E/G ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a one year low of $115.21 and a one year 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 company has a 50 day simple moving average of $144.51 and a 200 day simple moving average of $144.98.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's payout ratio 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.