Van Lanschot Kempen Investment Management N.V. Buys 9,634 Shares of Electronic Arts Inc. (NASDAQ:EA)

Van Lanschot Kempen Investment Management N.V. lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 31.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,990 shares of the game software company’s stock after purchasing an additional 9,634 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Electronic Arts were worth $5,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EA. North Star Investment Management Corp. lifted its holdings in Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its holdings in Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts during the first quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the second quarter worth about $28,000. Finally, Larson Financial Group LLC bought a new position in Electronic Arts during the fourth quarter worth about $30,000. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the transaction, the chief financial officer now owns 7,553 shares in the company, valued at $1,120,638.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the transaction, the chief financial officer now owns 7,553 shares in the company, valued at $1,120,638.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Luis A. Ubinas sold 2,126 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $146.77, for a total value of $312,033.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,986 shares of company stock worth $2,545,726. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EA. Roth Mkm lifted their target price on Electronic Arts from $135.00 to $152.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Benchmark lifted their price target on Electronic Arts from $153.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America lifted their price target on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets reissued an “outperform” rating and issued a $154.00 price target on shares of Electronic Arts in a research note on Tuesday, July 30th. Finally, StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.28.

Electronic Arts Stock Up 0.3 %

Shares of NASDAQ:EA traded up $0.49 during midday trading on Friday, reaching $147.62. The company had a trading volume of 1,477,500 shares, compared to its average volume of 2,134,170. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $153.51. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock has a market cap of $39.23 billion, a PE ratio of 31.54, a P/E/G ratio of 2.28 and a beta of 0.79. The business’s 50 day moving average price is $143.80 and its 200 day moving average price is $136.96.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s payout ratio is currently 16.24%.

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.