Raiffeisen Bank International AG Takes $5.43 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Raiffeisen Bank International AG bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,028 shares of the game software company's stock, valued at approximately $5,426,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Polar Capital Holdings Plc bought a new stake in Electronic Arts during the 4th quarter valued at about $48,806,000. ProShare Advisors LLC increased its position in shares of Electronic Arts by 17.8% during the fourth quarter. ProShare Advisors LLC now owns 335,092 shares of the game software company's stock worth $49,024,000 after acquiring an additional 50,538 shares during the period. Quantinno Capital Management LP raised its stake in shares of Electronic Arts by 117.3% during the fourth quarter. Quantinno Capital Management LP now owns 55,986 shares of the game software company's stock valued at $8,191,000 after acquiring an additional 30,221 shares in the last quarter. Mufg Securities Americas Inc. bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $516,000. Finally, Man Group plc boosted its holdings in shares of Electronic Arts by 15.1% in the fourth quarter. Man Group plc now owns 325,754 shares of the game software company's stock valued at $47,658,000 after purchasing an additional 42,707 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now directly owns 40,189 shares in the company, valued at approximately $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,342,580 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. DA Davidson began coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target on the stock. Wedbush upped their price objective on shares of Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Raymond James cut shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Finally, Argus set a $170.00 target price on shares of Electronic Arts in a research report on Friday. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $161.29.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded down $1.17 on Wednesday, hitting $150.75. 800,211 shares of the company were exchanged, compared to its average volume of 2,725,008. The firm has a market capitalization of $37.80 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The stock's 50 day moving average price is $145.08 and its 200 day moving average price is $145.02.

Electronic Arts Dividend Announcement

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 issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

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.