Elo Mutual Pension Insurance Co Has $3.94 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Elo Mutual Pension Insurance Co increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 21.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,933 shares of the game software company’s stock after acquiring an additional 4,683 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Electronic Arts were worth $3,940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Artisan Partners Limited Partnership grew its position in Electronic Arts by 2.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,031,182 shares of the game software company’s stock valued at $150,862,000 after acquiring an additional 28,223 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Electronic Arts by 8.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 401,926 shares of the game software company’s stock worth $58,798,000 after purchasing an additional 32,057 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Electronic Arts by 63.5% in the 4th quarter. Korea Investment CORP now owns 120,565 shares of the game software company’s stock worth $17,639,000 after purchasing an additional 46,845 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Electronic Arts during the 4th quarter worth about $410,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Electronic Arts by 8.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 279,637 shares of the game software company’s stock valued at $40,911,000 after purchasing an additional 22,047 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on EA shares. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. BMO Capital Markets decreased their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $155.65.

Electronic Arts Stock Down 0.7 %

Shares of Electronic Arts stock opened at $144.25 on Friday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The business has a fifty day simple moving average of $133.05 and a 200 day simple moving average of $144.62. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $37.59 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. Research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

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

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The shares were 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 of the company’s stock, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the transaction, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,018,560 in the last quarter. Company insiders own 0.22% of the company’s stock.

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.