Man Group plc Increases Stake in Electronic Arts Inc. (NASDAQ:EA)

Man Group plc increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 325,754 shares of the game software company’s stock after purchasing an additional 42,707 shares during the quarter. Man Group plc owned 0.12% of Electronic Arts worth $47,658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Nissay Asset Management Corp Japan ADV boosted its position in Electronic Arts by 10.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 77,531 shares of the game software company’s stock valued at $11,484,000 after buying an additional 7,066 shares during the period. Nomura Holdings Inc. boosted its holdings 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 during the period. OMERS ADMINISTRATION Corp grew its stake in shares of Electronic Arts by 20.3% in 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 during the last quarter. Jefferies Financial Group Inc. purchased a new position in Electronic Arts during the 4th quarter valued at about $636,000. Finally, Gotham Asset Management LLC increased its holdings in Electronic Arts by 9.2% during the 4th quarter. Gotham Asset Management LLC now owns 26,060 shares of the game software company’s stock valued at $3,813,000 after purchasing an additional 2,186 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

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

Electronic Arts Announces Dividend

The firm also recently declared 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 payout ratio is currently 17.92%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company’s stock, valued at $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares of the company’s stock, valued at $4,895,216.10. This represents a 11.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $3,118,120 in the last quarter. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup reduced their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. HSBC raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Wednesday, May 7th. Ascendiant Capital Markets lifted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. Finally, BMO Capital Markets lowered their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $161.83.

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.