Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Flossbach Von Storch SE

Flossbach Von Storch SE boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 31.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 80,502 shares of the game software company’s stock after purchasing an additional 19,199 shares during the period. Flossbach Von Storch SE’s holdings in Electronic Arts were worth $11,777,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Swedbank AB grew its stake in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after acquiring an additional 373,730 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Electronic Arts by 28.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock worth $134,969,000 after purchasing an additional 206,623 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Electronic Arts by 8.4% during the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock worth $124,548,000 after purchasing an additional 66,797 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EA shares. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. UBS Group upped their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer lowered their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Bank of America increased their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Finally, Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus price target of $154.55.

Electronic Arts Stock Performance

Shares of EA stock opened at $129.34 on Thursday. The stock has a market capitalization of $33.71 billion, a PE ratio of 32.91, a PEG ratio of 3.54 and a beta of 0.79. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The business’s 50 day simple moving average is $138.27 and its 200 day simple moving average is $146.45. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts forecast that Electronic Arts Inc. will post 4.75 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $2,812,285 in the last ninety days. 0.22% of the stock is currently owned by insiders.

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.