PGGM Investments Buys 9,648 Shares of Electronic Arts Inc. (NASDAQ:EA)

PGGM Investments grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 21.9% during the 4th quarter, HoldingsChannel reports. The fund owned 53,654 shares of the game software company’s stock after purchasing an additional 9,648 shares during the quarter. PGGM Investments’ holdings in Electronic Arts were worth $7,850,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $32,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts in the fourth quarter worth $41,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. Robert W. Baird reduced their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Friday, January 31st. Wedbush restated an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Roth Mkm cut their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, DA Davidson started coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and a consensus price target of $154.78.

Electronic Arts Stock Performance

NASDAQ:EA opened at $136.12 on Thursday. The stock has a 50-day moving average price of $133.17 and a 200 day moving average price of $145.03. The stock has a market capitalization of $35.48 billion, a P/E ratio of 34.64, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now directly owns 28,216 shares of the company’s stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the sale, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock worth $3,428,645 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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.