ING Groep NV Buys 39,566 Shares of Electronic Arts Inc. (NASDAQ:EA)

ING Groep NV lifted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 23.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 209,786 shares of the game software company's stock after purchasing an additional 39,566 shares during the quarter. ING Groep NV owned about 0.08% of Electronic Arts worth $28,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jennison Associates LLC boosted its position in Electronic Arts by 1.3% during the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company's stock worth $867,000 after acquiring an additional 84 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its position in Electronic Arts by 0.3% during the 3rd 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 acquiring an additional 87 shares during the last quarter. Mirador Capital Partners LP boosted its position in Electronic Arts by 2.9% during the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company's stock worth $447,000 after acquiring an additional 91 shares during the last quarter. Whittier Trust Co. boosted its position in Electronic Arts by 4.1% during the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company's stock worth $322,000 after acquiring an additional 93 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in Electronic Arts by 7.5% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company's stock worth $164,000 after acquiring an additional 95 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total value of $127,150.00. Following the completion of the sale, the executive vice president now directly owns 17,426 shares in the company, valued at $2,215,715.90. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the sale, the chief executive officer now owns 28,430 shares of the company's stock, valued at $4,048,147.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,000 shares of the company's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the sale, the executive vice president now directly owns 17,426 shares of the company's stock, valued at approximately $2,215,715.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,272 shares of company stock valued at $4,404,369. 0.20% of the stock is owned by company insiders.

Electronic Arts Stock Performance

NASDAQ EA traded down $1.41 on Friday, reaching $127.75. The stock had a trading volume of 3,206,034 shares, compared to its average volume of 2,007,682. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.33. The company has a market cap of $34.15 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 2.06 and a beta of 0.78. The firm has a fifty day moving average of $129.88 and a two-hundred day moving average of $134.60.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, May 29th. Electronic Arts's dividend payout ratio is 16.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Roth Mkm reduced their price target on Electronic Arts from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. Benchmark reissued a "buy" rating and issued a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Wedbush restated an "outperform" rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Robert W. Baird dropped their price target on shares of Electronic Arts from $160.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 8th. Finally, Oppenheimer reissued an "outperform" rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $147.00.

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.

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