Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 6.2% during the first quarter, HoldingsChannel.com reports. The fund owned 372,742 shares of the game software company’s stock after selling 24,512 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Electronic Arts were worth $45,324,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. North Star Investment Management Corp. raised its position in Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares during the last quarter. Cape Investment Advisory Inc. lifted its stake in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after buying an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter valued at $27,000. Larson Financial Group LLC purchased a new position in Electronic Arts during the fourth quarter worth $30,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of Electronic Arts in the fourth quarter worth $31,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the sale, the chief executive officer now owns 23,430 shares in the company, valued at $2,980,061.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the transaction, the chief executive officer now directly owns 23,430 shares in the company, valued at $2,980,061.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now directly owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The disclosure for this sale can be found here. In the last three months, insiders sold 23,039 shares of company stock valued at $3,065,356. Company insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 0.3 %

Shares of Electronic Arts stock traded down $0.41 during trading hours on Friday, reaching $138.26. The stock had a trading volume of 1,195,056 shares, compared to its average volume of 1,681,083. The firm has a market capitalization of $36.74 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.21 and a beta of 0.79. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The firm has a 50 day simple moving average of $133.79 and a two-hundred day simple moving average of $134.88.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 5.68 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. Electronic Arts’s payout ratio is 16.24%.

Analysts Set New Price Targets

A number of analysts recently commented on EA shares. BMO Capital Markets decreased their price objective on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Oppenheimer reissued an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Friday, June 21st. UBS Group lowered their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Finally, Wedbush reissued an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, May 8th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.50.

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.