Electronic Arts Inc. (NASDAQ:EA) Shares Bought by National Pension Service

National Pension Service boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 11.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 829,138 shares of the game software company’s stock after buying an additional 87,327 shares during the quarter. National Pension Service owned approximately 0.31% of Electronic Arts worth $118,932,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of EA. Vanguard Group Inc. grew its holdings in Electronic Arts by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares during the last quarter. Swedbank AB acquired a new stake in shares of Electronic Arts during the first quarter worth $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Electronic Arts during the first quarter worth $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth $188,159,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $148.00 to $161.00 in a report on Monday, July 15th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Robert W. Baird increased their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $164.39.

Electronic Arts Stock Up 1.1 %

Shares of Electronic Arts stock opened at $152.89 on Tuesday. The business has a 50-day moving average of $144.96 and a 200-day moving average of $140.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45. The company has a market capitalization of $40.39 billion, a PE ratio of 39.30, a P/E/G ratio of 2.05 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $153.51.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now directly owns 28,190 shares in the company, valued at approximately $4,251,897.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now directly owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total value of $223,980.00. Following the completion of the transaction, the executive vice president now owns 27,860 shares of the company’s stock, valued at approximately $4,160,055.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,644 shares of company stock worth $3,491,207. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Company 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.