Electronic Arts Inc. (NASDAQ:EA) Position Increased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,964 shares of the game software company’s stock after purchasing an additional 45,028 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.14% of Electronic Arts worth $50,711,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Electronic Arts by 496.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after acquiring an additional 2,090,504 shares during the period. Swedbank AB bought a new position in shares of Electronic Arts in the first quarter worth $201,935,000. Jericho Capital Asset Management L.P. bought a new position in shares of Electronic Arts in the first quarter worth $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Electronic Arts during the second quarter valued at $188,159,000. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EA has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Roth Mkm reissued a “neutral” rating and set a $154.00 target price on shares of Electronic Arts in a report on Thursday. Oppenheimer increased their price target on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Bank of America boosted their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the transaction, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the transaction, the chief executive officer now directly owns 61,747 shares in the company, valued at $8,660,634.22. The disclosure for this sale can be found here. Insiders sold 28,570 shares of company stock valued at $4,183,508 in the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $139.55 on Friday. The company has a market cap of $37.08 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company’s fifty day moving average is $146.15 and its two-hundred day moving average is $137.71. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Equities analysts expect that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

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

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.