Global X Japan Co. Ltd. Increases Stock Holdings in Electronic Arts Inc. $EA

Global X Japan Co. Ltd. boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 330.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,605 shares of the game software company’s stock after acquiring an additional 5,837 shares during the period. Global X Japan Co. Ltd.’s holdings in Electronic Arts were worth $1,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EA. EverSource Wealth Advisors LLC boosted its stake in shares of Electronic Arts by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after purchasing an additional 50 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Electronic Arts by 1.2% in the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after buying an additional 59 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Electronic Arts by 5.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after buying an additional 59 shares during the period. Linden Thomas Advisory Services LLC boosted its position in Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after acquiring an additional 67 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Electronic Arts by 20.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock worth $80,000 after acquiring an additional 68 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of research analyst reports. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup reduced their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $188.30.

Electronic Arts Trading Down 0.2%

NASDAQ:EA opened at $201.91 on Friday. Electronic Arts Inc. has a one year low of $131.15 and a one year high of $204.88. The company’s 50-day simple moving average is $201.35 and its 200 day simple moving average is $198.82. The firm has a market capitalization of $50.53 billion, a P/E ratio of 75.91, a PEG ratio of 2.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.69, for a total value of $239,628.00. Following the sale, the insider directly owned 29,960 shares of the company’s stock, valued at approximately $5,982,712.40. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the sale, the chief financial officer directly owned 5,897 shares in the company, valued at $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,600 shares of company stock worth $5,553,319 over the last three months. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.