Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 12.6% during the 3rd quarter, Holdings Channel reports. The fund owned 230,224 shares of the game software company’s stock after purchasing an additional 25,767 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Electronic Arts were worth $33,023,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the second quarter valued at $28,000. Family Firm Inc. acquired a new stake in Electronic Arts in the second quarter valued at $33,000. New Covenant Trust Company N.A. acquired a new stake in Electronic Arts in the first quarter valued at $35,000. Finally, Reston Wealth Management LLC acquired a new stake in Electronic Arts in the third quarter valued at $36,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. The trade was a 3.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $3,073,520. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $163.10 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The business’s 50-day moving average price is $150.16 and its 200 day moving average price is $144.50. The firm has a market cap of $42.78 billion, a P/E ratio of 41.93, a P/E/G ratio of 2.14 and a beta of 0.78.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is presently 19.54%.

Analyst Ratings Changes

EA has been the topic of a number of analyst reports. TD Cowen raised their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Roth Mkm raised their price target on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, UBS Group lifted 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. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

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.