Nissay Asset Management Corp Japan ADV Acquires 7,066 Shares of Electronic Arts Inc. (NASDAQ:EA)

Nissay Asset Management Corp Japan ADV boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 77,531 shares of the game software company’s stock after purchasing an additional 7,066 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Electronic Arts were worth $11,484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EA. Nomura Holdings Inc. lifted its position in shares of Electronic Arts by 11.7% during the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company’s stock worth $4,566,000 after purchasing an additional 3,259 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of Electronic Arts by 20.3% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 10,703 shares of the game software company’s stock worth $1,566,000 after purchasing an additional 1,804 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Electronic Arts during the fourth quarter worth approximately $636,000. Gotham Asset Management LLC lifted its position in shares of Electronic Arts by 9.2% during the fourth quarter. Gotham Asset Management LLC now owns 26,060 shares of the game software company’s stock worth $3,813,000 after purchasing an additional 2,186 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth approximately $224,000. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the transaction, the chief executive officer now owns 32,615 shares in the company, valued at approximately $4,647,637.50. This represents a 13.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares of the company’s stock, valued at $1,238,126.76. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,118,120 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Roth Mkm reduced their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. UBS Group upped their target price on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Oppenheimer upped their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Wedbush boosted their price target on shares of Electronic Arts from $179.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley boosted their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $161.83.

Electronic Arts Stock Down 1.2%

Shares of EA stock opened at $147.23 on Thursday. The firm has a fifty day moving average of $144.05 and a 200-day moving average of $144.97. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a market capitalization of $38.37 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s dividend payout ratio is 17.92%.

Electronic Arts 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.