AIA Group Ltd Makes New $1.46 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

AIA Group Ltd purchased a new position in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,649 shares of the game software company’s stock, valued at approximately $1,457,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after buying an additional 3,600,388 shares during the period. Norges Bank bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $270,382,000. Morgan Stanley boosted its position in Electronic Arts by 62.1% during the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock worth $390,128,000 after purchasing an additional 1,223,195 shares during the period. Barclays PLC boosted its position in Electronic Arts by 265.0% during the second quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock worth $196,727,000 after purchasing an additional 1,101,229 shares during the period. Finally, DNB Asset Management AS boosted its position in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after purchasing an additional 1,064,022 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Trading Up 0.5 %

NASDAQ EA opened at $126.31 on Friday. The firm has a market cap of $33.77 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50-day moving average is $135.02 and its 200-day moving average is $134.25. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business posted $2.29 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is presently 19.14%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total transaction of $347,200.00. Following the transaction, the chief executive officer now owns 30,930 shares of the company’s stock, valued at approximately $4,295,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total transaction of $347,200.00. Following the transaction, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at approximately $4,295,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now directly owns 18,426 shares in the company, valued at $2,362,397.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,144 shares of company stock valued at $5,143,560. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price for the company. Stifel Nicolaus upped their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. UBS Group cut their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Wedbush restated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, Benchmark restated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given 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 a consensus target price of $147.00.

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.