Mn Services Vermogensbeheer B.V. Increases Stock Position in Electronic Arts Inc. $EA

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,385 shares of the game software company’s stock after purchasing an additional 2,485 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Electronic Arts were worth $19,490,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EA. Walter Public Investments Inc. boosted its position in shares of Electronic Arts by 41.7% during the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock worth $9,685,000 after purchasing an additional 14,134 shares in the last quarter. NatWest Group plc acquired a new position in shares of Electronic Arts during the 3rd quarter worth $10,414,000. Great Lakes Advisors LLC purchased a new position in shares of Electronic Arts in the 3rd quarter valued at about $1,025,000. Principal Financial Group Inc. lifted its stake in shares of Electronic Arts by 35.4% in the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock valued at $78,859,000 after purchasing an additional 102,248 shares during the period. Finally, Greenland Capital Management LP acquired a new stake in shares of Electronic Arts in the third quarter valued at about $5,569,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on EA shares. Citigroup lowered their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average target price of $188.30.

Electronic Arts Trading Up 0.6%

Shares of EA stock opened at $203.87 on Wednesday. Electronic Arts Inc. has a fifty-two week low of $131.15 and a fifty-two week high of $204.88. The stock has a market cap of $51.02 billion, a P/E ratio of 76.64, a P/E/G ratio of 2.41 and a beta of 0.75. The business has a fifty day simple moving average of $201.27 and a 200-day simple moving average of $199.94. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.69, for a total transaction of $239,628.00. Following the completion of the transaction, the insider directly owned 29,960 shares of the company’s stock, valued at $5,982,712.40. This trade represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the transaction, the insider directly owned 45,843 shares of the company’s stock, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 27,600 shares of company stock worth $5,553,319. 0.24% of the stock is currently owned by 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.