AIA Group Ltd Has $3.84 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

AIA Group Ltd increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,222 shares of the game software company’s stock after purchasing an additional 1,356 shares during the period. AIA Group Ltd’s holdings in Electronic Arts were worth $3,836,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new position in Electronic Arts during the 4th quarter worth $37,000. SBI Securities Co. Ltd. bought a new position in shares of Electronic Arts during the fourth quarter valued at about $41,000. Finally, OFI Invest Asset Management purchased a new position in Electronic Arts during the fourth quarter worth about $42,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

NASDAQ:EA opened at $144.25 on Monday. The stock has a market cap of $37.59 billion, a P/E ratio of 36.70, a PEG ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $133.05 and its two-hundred day moving average price is $144.63. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Analyst Ratings Changes

Several research firms have recently issued reports on EA. Ascendiant Capital Markets upped their target price on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Bank of America boosted their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, January 31st. Finally, DA Davidson assumed coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $155.65.

Insiders Place Their Bets

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the sale, the executive vice president now directly owns 23,386 shares in the company, valued at $3,354,721.70. This represents a 6.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,018,560 over the last quarter. 0.22% of the stock is owned by corporate insiders.

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.