Erste Asset Management GmbH Makes New $15.18 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

Erste Asset Management GmbH purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 105,718 shares of the game software company’s stock, valued at approximately $15,180,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EA. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the third quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter worth $28,000. Family Firm Inc. bought a new position in shares of Electronic Arts during the 2nd quarter worth about $33,000. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts during the third quarter valued at about $36,000. Finally, Gradient Investments LLC lifted its stake in shares of Electronic Arts by 592.1% in the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after buying an additional 225 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now directly owns 54,247 shares in the company, valued at approximately $7,675,950.50. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This trade represents a 3.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,000 shares of company stock valued at $3,073,520. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Up 0.3 %

NASDAQ EA opened at $163.67 on Monday. The stock has a market capitalization of $42.93 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a fifty day moving average of $151.54 and a 200-day moving average of $145.14.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts’s payout ratio is 19.54%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EA shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Robert W. Baird upped their target price on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. UBS Group lifted their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus increased their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

About Electronic Arts

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.