National Pension Service Grows Position in Electronic Arts Inc. (NASDAQ:EA)

National Pension Service raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 714,797 shares of the game software company's stock after purchasing an additional 21,324 shares during the quarter. National Pension Service owned approximately 0.27% of Electronic Arts worth $97,791,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EA. Jennison Associates LLC lifted its holdings in shares of Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company's stock worth $867,000 after buying an additional 84 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Electronic Arts by 0.3% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company's stock worth $4,106,000 after buying an additional 86 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Electronic Arts by 0.3% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company's stock worth $3,261,000 after buying an additional 87 shares in the last quarter. Mirador Capital Partners LP lifted its holdings in shares of Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company's stock worth $447,000 after buying an additional 91 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company's stock worth $322,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EA. Roth Mkm decreased their price target on Electronic Arts from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Electronic Arts from $153.00 to $150.00 and set a "hold" rating on the stock in a research report on Thursday. Benchmark reiterated a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets decreased their target price on Electronic Arts from $160.00 to $154.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Wedbush reiterated an "outperform" rating and issued a $162.00 target price on shares of Electronic Arts in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $146.61.

Electronic Arts Stock Up 1.5 %

Electronic Arts stock traded up $1.88 during trading on Thursday, hitting $127.12. 3,186,299 shares of the company were exchanged, compared to its average volume of 2,025,852. The business's 50 day moving average is $131.27 and its 200 day moving average is $134.45. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company has a market capitalization of $33.99 billion, a P/E ratio of 31.82, a PEG ratio of 1.73 and a beta of 0.78. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts's dividend payout ratio (DPR) is presently 19.14%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the transaction, the chief executive officer now owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of the company's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now owns 26,283 shares of the company's stock, valued at approximately $3,328,479.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The disclosure for this sale can be found here. Insiders sold 32,272 shares of company stock worth $4,420,459 in the last quarter. 0.20% of the stock is currently owned by company insiders.

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.