Meiji Yasuda Asset Management Co Ltd. Has $873,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,264 shares of the game software company’s stock after buying an additional 765 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Electronic Arts were worth $873,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. North Star Investment Management Corp. raised its stake in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Cape Investment Advisory Inc. increased its position in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter valued at about $28,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Electronic Arts in the first quarter valued at about $30,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.2 %

Shares of EA stock opened at $140.74 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock has a market cap of $37.40 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The stock has a 50 day simple moving average of $146.36 and a 200 day simple moving average of $137.68. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.21 billion. On average, research analysts predict that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insider Buying and Selling at Electronic Arts

In other news, 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 directly owns 61,747 shares in the company, valued at $8,660,634.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 directly owns 61,747 shares in the company, valued at $8,660,634.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The disclosure for this sale can be found here. Insiders sold a total of 28,570 shares of company stock worth $4,183,508 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group assumed coverage on Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a report on Wednesday. Wedbush lifted their price target on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Raymond James boosted their price objective on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $161.94.

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.