Nomura Holdings Inc. Buys 3,259 Shares of Electronic Arts Inc. (NASDAQ:EA)

Nomura Holdings Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,208 shares of the game software company's stock after acquiring an additional 3,259 shares during the quarter. Nomura Holdings Inc.'s holdings in Electronic Arts were worth $4,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors grew its holdings in Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after buying an additional 605,796 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Electronic Arts by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock worth $978,650,000 after acquiring an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Electronic Arts by 6.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after acquiring an additional 270,991 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Electronic Arts by 12.4% in the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock valued at $476,540,000 after purchasing an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Electronic Arts by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after purchasing an additional 120,632 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the transaction, the insider now owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. This represents a 3.67% 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 in the last three months. 0.22% of the stock is owned by insiders.

Electronic Arts Trading Down 0.5%

EA traded down $0.75 on Wednesday, hitting $151.17. 605,739 shares of the company were exchanged, compared to its average volume of 2,724,316. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a fifty day simple moving average of $145.08 and a two-hundred day simple moving average of $145.02. The stock has a market capitalization of $37.91 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's payout ratio is 17.92%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Benchmark increased their price target on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Ascendiant Capital Markets boosted their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Morgan Stanley increased their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Finally, BNP Paribas downgraded shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $161.29.

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.