Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,848 shares of the game software company’s stock after selling 499 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Electronic Arts were worth $3,183,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EA. BI Asset Management Fondsmaeglerselskab A S increased its stake in Electronic Arts by 82.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after purchasing an additional 11,343 shares during the period. FORA Capital LLC boosted its stake in shares of Electronic Arts by 209.7% during the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after buying an additional 31,136 shares during the period. Duality Advisers LP acquired a new stake in Electronic Arts during the 1st quarter worth approximately $1,711,000. Eaton Financial Holdings Company LLC purchased a new position in Electronic Arts in the 4th quarter valued at $1,259,000. Finally, Scotia Capital Inc. increased its stake in shares of Electronic Arts by 99.4% during the fourth quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock worth $2,372,000 after acquiring an additional 8,644 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EA shares. Citigroup cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $148.00 to $161.00 in a research report on Monday, July 15th. Oppenheimer upped their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. UBS Group increased their target price on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Finally, Robert W. Baird restated an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a report on Thursday. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.94.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the transaction, the executive vice president now owns 26,360 shares in the company, valued at $3,863,848.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Jacob J. Schatz sold 1,500 shares of the company’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 sale, the executive vice president now owns 26,360 shares of the company’s stock, valued at $3,863,848.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the transaction, the chief executive officer now owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The disclosure for this sale can be found here. In the last three months, insiders sold 28,570 shares of company stock valued at $4,183,508. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $140.74 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s 50 day simple moving average is $146.36 and its two-hundred day simple moving average is $137.68. The stock has a market cap of $37.40 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $153.51.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. As a group, analysts expect that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

About Electronic Arts

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.