Electronic Arts Inc. (NASDAQ:EA) Shares Bought by ING Groep NV

ING Groep NV lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 225.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 119,055 shares of the game software company’s stock after acquiring an additional 82,522 shares during the period. ING Groep NV’s holdings in Electronic Arts were worth $17,077,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EA. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the third quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts in the second quarter valued at $28,000. Family Firm Inc. purchased a new position in shares of Electronic Arts during the 2nd quarter valued at about $33,000. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts in the 3rd quarter valued at about $36,000. Finally, Gradient Investments LLC grew its holdings in Electronic Arts by 592.1% during the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after acquiring an additional 225 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EA. Stifel Nicolaus lifted their price target on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America lifted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Roth Mkm lifted their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the sale, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Trading Up 0.9 %

Shares of NASDAQ:EA opened at $164.12 on Friday. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $164.42. The company’s 50 day moving average is $146.83 and its two-hundred day moving average is $142.21. The company has a market cap of $43.04 billion, a PE ratio of 42.19, a P/E/G ratio of 2.13 and a beta of 0.78. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.46%. Electronic Arts’s dividend payout ratio is currently 19.54%.

Electronic Arts Company 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.