MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 1,900 Shares of Electronic Arts Inc. (NASDAQ:EA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 273,653 shares of the game software company’s stock after selling 1,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.11% of Electronic Arts worth $40,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Capital International Investors increased its position in Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock valued at $1,778,553,000 after acquiring an additional 605,796 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock worth $978,650,000 after purchasing an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock worth $648,169,000 after purchasing an additional 270,991 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Electronic Arts by 12.4% in the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company’s stock worth $476,540,000 after purchasing an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Electronic Arts by 3.9% in the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company’s stock worth $472,362,000 after purchasing an additional 120,632 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EA. BMO Capital Markets cut their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. Stifel Nicolaus cut their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Finally, Roth Capital restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $161.83.

Electronic Arts Stock Down 0.1%

NASDAQ:EA opened at $149.06 on Wednesday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock has a market capitalization of $38.85 billion, a P/E ratio of 37.93, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company’s 50-day simple moving average is $143.91 and its 200-day simple moving average is $144.95.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s dividend payout ratio is currently 17.92%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now directly owns 26,216 shares of the company’s stock, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at $4,647,637.50. The trade was a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,000 shares of company stock worth $3,118,120. Corporate 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.