Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in Electronic Arts Inc. $EA

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 7,601.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 355,188 shares of the game software company’s stock after acquiring an additional 350,576 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Electronic Arts were worth $72,576,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. New York Life Investment Management LLC grew its stake in Electronic Arts by 156.2% during the fourth quarter. New York Life Investment Management LLC now owns 84,850 shares of the game software company’s stock valued at $17,337,000 after acquiring an additional 51,729 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Electronic Arts by 249.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 583 shares of the game software company’s stock worth $119,000 after buying an additional 416 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Electronic Arts in the 4th quarter worth $655,000. Catalyst Financial Partners LLC grew its stake in shares of Electronic Arts by 46.1% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,711 shares of the game software company’s stock worth $350,000 after buying an additional 540 shares in the last quarter. Finally, Independent Advisor Alliance grew its stake in shares of Electronic Arts by 6.0% in the 4th quarter. Independent Advisor Alliance now owns 7,877 shares of the game software company’s stock worth $1,610,000 after buying an additional 445 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total value of $243,900.00. Following the completion of the sale, the insider owned 28,760 shares in the company, valued at approximately $5,845,470. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total transaction of $508,025.00. Following the completion of the sale, the insider owned 43,343 shares of the company’s stock, valued at $8,807,731.03. This trade represents a 5.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,600 shares of company stock worth $5,544,159 over the last 90 days. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of recent research reports. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research note on Monday, May 4th. Finally, Citigroup lifted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $200.64 on Monday. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The stock has a market capitalization of $50.31 billion, a P/E ratio of 57.49, a PEG ratio of 2.21 and a beta of 0.66. The firm has a fifty day simple moving average of $201.76 and a two-hundred day simple moving average of $202.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.