ING Groep NV boosted its holdings in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 235.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 141,549 shares of the game software company’s stock after acquiring an additional 99,340 shares during the period. ING Groep NV’s holdings in Electronic Arts were worth $28,923,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in EA. Brighton Jones LLC grew its stake in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after acquiring an additional 294 shares during the last quarter. Empowered Funds LLC grew its stake in Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after acquiring an additional 12,076 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares during the last quarter. Jump Financial LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at about $2,323,000. Finally, NewEdge Advisors LLC grew its stake in Electronic Arts by 96.4% in the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after acquiring an additional 1,505 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EA has been the topic of a number of research reports. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday. Citigroup upped their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $196.64.
Insider Buying and Selling at Electronic Arts
In related news, CEO Andrew Wilson sold 5,066 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the transaction, the chief executive officer directly owned 85,974 shares in the company, valued at approximately $17,337,516.84. This represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.54, for a total value of $501,350.00. Following the transaction, the insider owned 40,843 shares in the company, valued at $8,190,655.22. This trade represents a 5.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 39,906 shares of company stock valued at $8,032,336. 0.24% of the stock is currently owned by insiders.
Electronic Arts Price Performance
NASDAQ:EA opened at $203.00 on Friday. The firm has a market cap of $50.90 billion, a price-to-earnings ratio of 58.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average is $202.21 and its two-hundred day moving average is $202.29. Electronic Arts Inc. has a 12-month low of $145.54 and a 12-month high of $204.88.
Electronic Arts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.
Electronic Arts Company Profile
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
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