National Pension Service Raises Holdings in Electronic Arts Inc. $EA

National Pension Service raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 486,401 shares of the game software company’s stock after purchasing an additional 5,743 shares during the quarter. National Pension Service owned 0.19% of Electronic Arts worth $99,732,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EA. Resona Asset Management Co. Ltd. increased its holdings in Electronic Arts by 12.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock valued at $22,185,000 after purchasing an additional 12,095 shares during the period. Swiss National Bank lifted its holdings in Electronic Arts by 8.0% in the 1st quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock worth $143,606,000 after buying an additional 51,900 shares during the period. Mizuho Markets Americas LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $2,043,000. Norges Bank bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $643,674,000. Finally, Geode Capital Management LLC increased its stake in shares of Electronic Arts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after buying an additional 143,195 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This trade represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider directly owned 26,360 shares in the company, valued at $5,351,080. The trade was a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,700 shares of company stock worth $1,766,950. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EA. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $206.50.

Electronic Arts Stock Performance

EA opened at $209.70 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. Electronic Arts Inc. has a 52 week low of $159.10 and a 52 week high of $210.20. The stock has a market cap of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The business has a 50 day moving average of $208.88 and a 200-day moving average of $204.49.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. The company had revenue of $1.99 billion for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ:EA) is a global developer and publisher of interactive entertainment. The company creates and distributes games for consoles, personal computers, mobile devices and online platforms, with business activities spanning full-game sales, downloadable content, subscriptions and live services.

Electronic Arts’ portfolio includes sports franchises such as EA Sports FC, Madden NFL, College Football, NHL and UFC, as well as entertainment and action titles including The Sims, Battlefield, Apex Legends, Need for Speed and Plants vs.