OMERS ADMINISTRATION Corp Has $1.57 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

OMERS ADMINISTRATION Corp increased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,703 shares of the game software company's stock after buying an additional 1,804 shares during the period. OMERS ADMINISTRATION Corp's holdings in Electronic Arts were worth $1,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Los Angeles Capital Management LLC boosted its position in Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after purchasing an additional 989,319 shares during the period. FMR LLC boosted its holdings in shares of Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock worth $176,709,000 after buying an additional 835,985 shares during the period. Norges Bank acquired a new position in Electronic Arts in the 4th quarter valued at $96,698,000. Capital International Investors raised its holdings in Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after acquiring an additional 605,796 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Electronic Arts by 591.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company's stock worth $101,951,000 after acquiring an additional 596,141 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the transaction, the executive vice president now directly owns 19,033 shares of the company's stock, valued at approximately $2,772,156.45. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares of the company's stock, valued at $1,238,126.76. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,342,580 over the last 90 days. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EA shares. Citigroup decreased their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Oppenheimer boosted their price target on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Stifel Nicolaus reduced their price objective on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley upped their target price on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $161.29.

Electronic Arts Price Performance

Shares of EA traded down $1.06 during mid-day trading on Monday, reaching $150.48. The company had a trading volume of 3,990,533 shares, compared to its average volume of 2,730,874. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a market capitalization of $37.74 billion, a price-to-earnings ratio of 38.29, a P/E/G ratio of 3.58 and a beta of 0.74. 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 company's 50 day simple moving average is $144.51 and its 200 day simple moving average is $144.98.

Electronic Arts Dividend Announcement

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

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.