Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd reduced its position in Electronic Arts Inc. (NASDAQ:EAFree Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,258 shares of the game software company’s stock after selling 6,202 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Electronic Arts were worth $8,381,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the period. Norges Bank acquired a new stake in shares of Electronic Arts during the fourth quarter worth $281,054,000. DNB Asset Management AS lifted its holdings in Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after acquiring an additional 1,064,022 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Electronic Arts by 480.5% in the third quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock valued at $60,113,000 after acquiring an additional 413,276 shares during the period. Finally, Morgan Stanley lifted its holdings in Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Up 4.0 %

EA stock traded up $5.10 during midday trading on Wednesday, hitting $133.95. 2,359,834 shares of the company’s stock were exchanged, compared to its average volume of 2,044,459. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The firm has a 50 day moving average price of $129.57 and a 200-day moving average price of $134.67. The stock has a market capitalization of $35.81 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.04 and a beta of 0.78.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.57%. Electronic Arts’s dividend payout ratio is presently 16.24%.

Insider Activity

In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jeff Huber sold 11,872 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the completion of the transaction, the director now directly owns 79,381 shares in the company, valued at approximately $11,264,163.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the transaction, the chief executive officer now owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,772 shares of company stock worth $4,193,979. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Roth Mkm reduced their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. BMO Capital Markets dropped their price target on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. UBS Group dropped their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft dropped their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

View Our Latest Research Report on Electronic Arts

About Electronic Arts

(Free Report)

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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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