Electronic Arts Inc. $EA Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,734 shares of the game software company’s stock after selling 5,131 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Electronic Arts were worth $14,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norden Group LLC acquired a new position in shares of Electronic Arts during the 2nd quarter worth approximately $214,000. Focus Partners Advisor Solutions LLC acquired a new position in Electronic Arts in the first quarter valued at approximately $319,000. CCM Investment Group LLC acquired a new position in Electronic Arts in the first quarter valued at approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Electronic Arts by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after acquiring an additional 13,461 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in Electronic Arts by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock valued at $13,944,000 after acquiring an additional 3,999 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $200.69 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The company has a market cap of $50.21 billion, a P/E ratio of 50.30, a PEG ratio of 3.03 and a beta of 0.77. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The company has a 50-day moving average price of $172.45 and a 200 day moving average price of $156.67.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

Analysts Set New Price Targets

EA has been the topic of a number of research analyst reports. Oppenheimer lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday. DA Davidson upped their price objective on Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. HSBC lowered Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective on the stock. in a research report on Monday, September 29th. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Wall Street Zen lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $177.00.

Insider Transactions at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,200 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $171.52, for a total transaction of $205,824.00. Following the completion of the sale, the executive vice president directly owned 26,080 shares of the company’s stock, valued at $4,473,241.60. The trade was a 4.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total transaction of $863,950.00. Following the sale, the chief executive officer directly owned 47,393 shares of the company’s stock, valued at $8,189,036.47. This represents a 9.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock worth $7,247,635 in the last three months. 0.24% of the stock is currently owned by company 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.