Healthcare of Ontario Pension Plan Trust Fund Increases Position in Electronic Arts Inc. (NASDAQ:EA)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 230,224 shares of the game software company’s stock after acquiring an additional 25,767 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.09% of Electronic Arts worth $33,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EA. Manning & Napier Advisors LLC purchased a new position in Electronic Arts during the 2nd quarter worth $188,159,000. D. E. Shaw & Co. Inc. grew its stake in Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after buying an additional 420,382 shares during the last quarter. National Bank of Canada FI grew its stake in Electronic Arts by 214.8% during the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company’s stock worth $73,264,000 after buying an additional 364,044 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after purchasing an additional 354,005 shares during the last quarter. Finally, abrdn plc grew its stake in Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after purchasing an additional 319,335 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the completion of the transaction, the executive vice president now directly owns 26,360 shares in the company, valued at $3,863,848.80. This trade represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,000 shares of company stock worth $3,073,520. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. TD Cowen upped their target price on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Benchmark restated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Price Performance

EA stock opened at $163.10 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50 day simple moving average of $150.16 and a 200-day simple moving average of $144.50. The firm has a market capitalization of $42.78 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.47%. Electronic Arts’s payout ratio is 19.54%.

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.