Asset Management One Co. Ltd. Grows Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Asset Management One Co. Ltd. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 154,291 shares of the game software company’s stock after purchasing an additional 1,415 shares during the period. Asset Management One Co. Ltd.’s holdings in Electronic Arts were worth $22,298,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nomura Holdings Inc. lifted its stake in shares of Electronic Arts by 11.7% during the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company’s stock valued at $4,566,000 after buying an additional 3,259 shares in the last quarter. Huntington National Bank lifted its stake in Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock worth $49,577,000 after purchasing an additional 80,968 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after purchasing an additional 36,153 shares in the last quarter. Amundi lifted its stake in Electronic Arts by 4.3% in the 4th quarter. Amundi now owns 2,990,729 shares of the game software company’s stock worth $431,315,000 after purchasing an additional 122,494 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Electronic Arts by 11,587.9% in the 1st quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company’s stock worth $96,737,000 after purchasing an additional 663,640 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $157.82 on Thursday. The company has a market capitalization of $39.58 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 2.17 and a beta of 0.71. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm’s 50-day moving average is $148.92 and its 200 day moving average is $142.60. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.48%. Electronic Arts’s payout ratio is 17.92%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer boosted their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note 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. HSBC upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, May 7th. Hsbc Global Res upgraded shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $162.80.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. This represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the completion of the transaction, the chief executive officer now owns 27,615 shares in the company, valued at $4,014,392.55. This represents a 15.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,229 shares of company stock worth $4,371,399. Insiders own 0.22% of the company’s stock.

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.