AIA Group Ltd Makes New $1.46 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

AIA Group Ltd purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,649 shares of the game software company's stock, valued at approximately $1,457,000.

Several other large investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC acquired a new position in Electronic Arts during the fourth quarter worth about $26,000. Bray Capital Advisors grew its position in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company's stock worth $26,000 after buying an additional 110 shares during the period. Venturi Wealth Management LLC grew its position in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company's stock worth $31,000 after buying an additional 102 shares during the period. Tyler Stone Wealth Management acquired a new position in Electronic Arts during the second quarter worth about $32,000. Finally, Neo Ivy Capital Management grew its position in Electronic Arts by 70.1% during the second quarter. Neo Ivy Capital Management now owns 262 shares of the game software company's stock worth $31,000 after buying an additional 108 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EA shares. UBS Group lowered their price target on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 27th. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an "outperform" rating and a $160.00 price target on the stock. Wedbush reiterated an "outperform" rating and issued a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Benchmark reissued a "buy" rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday. Finally, Stifel Nicolaus upped their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and an average target price of $147.00.

Electronic Arts Stock Up 1.3 %

EA traded up $1.64 during trading hours on Friday, reaching $127.27. 1,869,106 shares of the stock traded hands, compared to its average volume of 2,041,752. The firm's fifty day simple moving average is $135.02 and its two-hundred day simple moving average is $134.25. The company has a market cap of $34.03 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 1.75 and a beta of 0.76. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. Electronic Arts's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.29 earnings per share. As a group, analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts's dividend payout ratio (DPR) is presently 19.14%.

Insider Activity

In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now directly owns 18,426 shares of the company's stock, valued at approximately $2,362,397.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the sale, the chief executive officer now directly owns 30,930 shares in the company, valued at approximately $4,295,558.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the business's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the sale, the insider now owns 18,426 shares in the company, valued at $2,362,397.46. The disclosure for this sale can be found here. In the last three months, insiders sold 37,144 shares of company stock valued at $5,143,560. Company insiders own 0.20% of the company's stock.

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.