Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Korea Investment CORP

Korea Investment CORP boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 63.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,565 shares of the game software company’s stock after purchasing an additional 46,845 shares during the quarter. Korea Investment CORP’s holdings in Electronic Arts were worth $17,639,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Electronic Arts in the 4th quarter worth about $410,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Electronic Arts by 8.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 279,637 shares of the game software company’s stock worth $40,911,000 after buying an additional 22,047 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Electronic Arts by 3.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,210 shares of the game software company’s stock worth $909,000 after buying an additional 227 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Electronic Arts during the 4th quarter valued at $367,000. Finally, LPL Financial LLC raised its stake in Electronic Arts by 6.3% during the 4th quarter. LPL Financial LLC now owns 94,888 shares of the game software company’s stock valued at $13,882,000 after acquiring an additional 5,652 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EA shares. Citigroup decreased their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. BMO Capital Markets lowered their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target for the company. Wedbush reiterated an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $155.65.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now directly owns 28,216 shares of the company’s stock, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $3,018,560 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Down 0.7 %

EA stock opened at $144.25 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $37.59 billion, a P/E ratio of 36.70, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company’s 50 day simple moving average is $133.05 and its 200-day simple moving average is $144.63.

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

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s payout ratio is presently 19.34%.

Electronic Arts Company 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.