Electronic Arts Inc. $EA Shares Bought by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. raised its position in Electronic Arts Inc. (NASDAQ:EA) by 8.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,525 shares of the game software company’s stock after acquiring an additional 1,441 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Electronic Arts were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EA. Ameriprise Financial Inc. increased its stake in shares of Electronic Arts by 197.5% in the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock valued at $421,524,000 after purchasing an additional 1,936,313 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $225,102,000. Nuveen LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $203,537,000. Goldman Sachs Group Inc. increased its stake in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after acquiring an additional 1,254,194 shares during the period. Finally, ING Groep NV increased its stake in shares of Electronic Arts by 3,477.8% during the first quarter. ING Groep NV now owns 1,163,747 shares of the game software company’s stock valued at $168,185,000 after acquiring an additional 1,131,220 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EA shares. Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an “equal weight” rating in a research note on Monday, July 28th. Arete Research set a $192.00 price objective on shares of Electronic Arts in a research note on Tuesday, August 5th. Arete upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective on the stock in a research note on Tuesday, August 5th. Finally, Citigroup reiterated a “neutral” rating on shares of Electronic Arts in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average price target of $177.00.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider owned 58,092 shares in the company, valued at $9,032,725.08. This trade represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer owned 52,393 shares in the company, valued at $8,961,822.65. This trade represents a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,000 shares of company stock worth $7,247,635 over the last quarter. Company insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 0.2%

Electronic Arts stock opened at $200.69 on Friday. The company has a 50 day moving average price of $172.45 and a 200 day moving average price of $156.57. The firm has a market capitalization of $50.21 billion, a price-to-earnings ratio of 50.30, a P/E/G ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.05%.

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.