NN Investment Partners Holdings N.V. Acquires 15,793 Shares of Electronic Arts Inc. (NASDAQ:EA)

NN Investment Partners Holdings N.V. grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 28.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,054 shares of the game software company’s stock after acquiring an additional 15,793 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Electronic Arts were worth $10,248,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Heritage Wealth Management LLC boosted its position in shares of Electronic Arts by 122.2% during the second quarter. Heritage Wealth Management LLC now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 110 shares during the period. Carolinas Wealth Consulting LLC boosted its position in shares of Electronic Arts by 147.1% during the second quarter. Carolinas Wealth Consulting LLC now owns 210 shares of the game software company’s stock worth $30,000 after buying an additional 125 shares during the period. Evermay Wealth Management LLC acquired a new position in shares of Electronic Arts during the second quarter worth about $42,000. Herold Advisors Inc. acquired a new position in shares of Electronic Arts during the third quarter worth about $42,000. Finally, Ellevest Inc. boosted its position in shares of Electronic Arts by 36.9% during the third quarter. Ellevest Inc. now owns 323 shares of the game software company’s stock worth $46,000 after buying an additional 87 shares during the period. Institutional investors own 89.08% of the company’s stock.

In other Electronic Arts news, COO Laura Miele sold 3,100 shares of Electronic Arts stock in a transaction dated Wednesday, December 1st. The stock was sold at an average price of $123.74, for a total transaction of $383,594.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Wednesday, December 1st. The stock was sold at an average price of $124.80, for a total value of $99,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,314 shares of company stock worth $3,534,982 over the last ninety days. Company insiders own 0.65% of the company’s stock.

Shares of EA stock opened at $130.44 on Friday. The stock’s fifty day moving average price is $131.20 and its two-hundred day moving average price is $137.13. The company has a market cap of $36.89 billion, a PE ratio of 48.13 and a beta of 0.87. Electronic Arts Inc. has a fifty-two week low of $120.08 and a fifty-two week high of $150.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.32.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Wednesday, November 3rd. The game software company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.32. Electronic Arts had a return on equity of 18.55% and a net margin of 12.27%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business posted ($0.03) EPS. On average, equities analysts predict that Electronic Arts Inc. will post 5.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 22nd. Investors of record on Wednesday, December 8th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Tuesday, December 7th. Electronic Arts’s dividend payout ratio (DPR) is 25.09%.

Several research analysts recently commented on EA shares. Oppenheimer increased their price target on Electronic Arts from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, November 4th. Raymond James increased their price target on Electronic Arts from $177.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, November 4th. Robert W. Baird increased their price target on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 4th. Citigroup upgraded Electronic Arts from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $160.00 to $150.00 in a research note on Monday, December 6th. Finally, Credit Suisse Group upped their price objective on Electronic Arts from $175.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, November 4th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $166.20.

Electronic Arts Profile

Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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