Czech National Bank Raises Stake in Electronic Arts Inc. (NASDAQ:EA)

Czech National Bank increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,749 shares of the game software company’s stock after buying an additional 2,773 shares during the period. Czech National Bank’s holdings in Electronic Arts were worth $7,571,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its stake in shares of Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after acquiring an additional 420,382 shares during the period. Dimensional Fund Advisors LP boosted its position in Electronic Arts by 29.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after purchasing an additional 354,005 shares during the period. abrdn plc boosted its position in Electronic Arts by 59.2% during the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after purchasing an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after purchasing an additional 314,388 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Electronic Arts in the third quarter valued at approximately $40,154,000. Institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the sale, the insider now owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock valued at $3,422,485. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Down 0.1 %

Shares of EA opened at $141.75 on Wednesday. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a 50 day simple moving average of $156.67 and a two-hundred day simple moving average of $149.10. The firm has a market cap of $37.18 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.06 and a beta of 0.80.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Analyst Ratings Changes

Several research firms have issued reports on EA. UBS Group increased their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Roth Mkm increased their price objective on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 target price on shares of Electronic Arts in a report on Wednesday, December 18th. Morgan Stanley reiterated an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts 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.