Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,531 shares of the game software company's stock after buying an additional 7,066 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Electronic Arts were worth $11,484,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Czech National Bank raised its stake in Electronic Arts by 5.7% during the fourth quarter. Czech National Bank now owns 51,749 shares of the game software company's stock valued at $7,571,000 after purchasing an additional 2,773 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth about $216,000. Wedmont Private Capital lifted its holdings in shares of Electronic Arts by 6.3% in the 4th quarter. Wedmont Private Capital now owns 2,464 shares of the game software company's stock valued at $347,000 after acquiring an additional 146 shares during the last quarter. Claro Advisors LLC grew its position in Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after acquiring an additional 75 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in Electronic Arts during the fourth quarter worth approximately $1,174,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

NASDAQ EA traded down $1.24 during trading hours on Monday, reaching $150.30. The stock had a trading volume of 2,521,188 shares, compared to its average volume of 2,730,771. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The stock has a fifty day moving average of $144.51 and a 200 day moving average of $144.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $37.69 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent research reports. Robert W. Baird set a $168.00 target price on Electronic Arts in a report on Wednesday, May 7th. Ascendiant Capital Markets boosted their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. DA Davidson assumed coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price for the company. Roth Capital reiterated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, May 7th. Finally, Hsbc Global Res raised shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of "Hold" and an average price target of $161.29.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now owns 40,189 shares in the company, valued at $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the sale, the executive vice president now owns 17,533 shares of the company's stock, valued at $2,623,638.12. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock worth $3,342,580 over the last three months. Company insiders own 0.22% of the company's stock.

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.