Erste Asset Management GmbH Has $33.19 Million Stock Position in Electronic Arts Inc. $EA

Erste Asset Management GmbH boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 82.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 167,280 shares of the game software company’s stock after purchasing an additional 75,573 shares during the quarter. Erste Asset Management GmbH’s holdings in Electronic Arts were worth $33,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in shares of Electronic Arts during the second quarter worth approximately $30,000. Oakworth Capital Inc. acquired a new stake in Electronic Arts during the 3rd quarter worth $30,000. NewSquare Capital LLC raised its position in shares of Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after acquiring an additional 79 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after purchasing an additional 95 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $37,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.5%

NASDAQ EA opened at $201.07 on Friday. Electronic Arts Inc. has a one year low of $128.02 and a one year high of $204.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $50.32 billion, a P/E ratio of 75.59, a P/E/G ratio of 2.43 and a beta of 0.74. The stock’s 50-day moving average is $202.88 and its 200-day moving average is $194.92.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $510,275.00. Following the completion of the transaction, the insider owned 53,148 shares in the company, valued at $10,848,038.28. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $1,020,550.00. Following the sale, the chief executive officer owned 43,858 shares in the company, valued at approximately $8,951,856.38. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,600 shares of company stock worth $5,589,823. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup decreased their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Argus set a $210.00 price target on shares of Electronic Arts in a research report on Thursday, October 30th. Finally, Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average target price of $186.95.

About Electronic Arts

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.