Electronic Arts Inc. (NASDAQ:EA) Shares Bought by PGGM Investments

PGGM Investments lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,599 shares of the game software company’s stock after acquiring an additional 1,043 shares during the quarter. PGGM Investments’ holdings in Electronic Arts were worth $5,784,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. North Star Investment Management Corp. boosted its holdings in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the 1st quarter worth $27,000. Larson Financial Group LLC purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $30,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Electronic Arts in the 1st quarter valued at about $30,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the sale, the insider now directly owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total transaction of $106,304.00. Following the transaction, the insider now owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the transaction, the chief financial officer now directly owns 10,553 shares in the company, valued at approximately $1,488,078.53. The disclosure for this sale can be found here. Insiders sold 23,239 shares of company stock valued at $3,197,469 over the last three months. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded up $0.43 during trading hours on Friday, hitting $148.83. 1,823,429 shares of the company’s stock traded hands, compared to its average volume of 2,638,668. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.45. The company’s fifty day simple moving average is $140.16 and its two-hundred day simple moving average is $135.98. The company has a market cap of $39.55 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. As a group, equities analysts anticipate that Electronic Arts Inc. will post 5.76 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EA shares. TD Cowen lifted their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James boosted their target price on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group began coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective for the company. Wedbush boosted their price objective on shares of Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Bank of America upped their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.16.

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.