ASR Vermogensbeheer N.V. Boosts Stake in Electronic Arts Inc. $EA

ASR Vermogensbeheer N.V. raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,525 shares of the game software company’s stock after acquiring an additional 1,441 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Electronic Arts were worth $2,958,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after purchasing an additional 150,438 shares in the last quarter. Ninety One UK Ltd increased its holdings in Electronic Arts by 4.6% in the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after purchasing an additional 193,442 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in Electronic Arts by 2.3% in the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock valued at $570,233,000 after purchasing an additional 88,767 shares in the last quarter. Invesco Ltd. increased its holdings in Electronic Arts by 15.6% in the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock valued at $539,563,000 after purchasing an additional 504,760 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $200.69 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The company’s 50-day simple moving average is $172.45 and its 200-day simple moving average is $156.57. The stock has a market capitalization of $50.21 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

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

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00. Following the transaction, the chief financial officer owned 5,140 shares of the company’s stock, valued at $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer directly owned 52,393 shares in the company, valued at $8,961,822.65. This represents a 8.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,000 shares of company stock worth $7,247,635. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EA shares. Wedbush reiterated a “neutral” rating and issued a $200.00 price target on shares of Electronic Arts in a report on Monday. DZ Bank downgraded Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. DA Davidson upped their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Bank of America upped their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $177.00.

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.