Mn Services Vermogensbeheer B.V. Increases Position in Electronic Arts Inc. (NASDAQ:EA)

Mn Services Vermogensbeheer B.V. lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,600 shares of the game software company’s stock after buying an additional 1,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Electronic Arts were worth $14,571,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Swedbank AB grew its stake in shares of Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after purchasing an additional 95,190 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Electronic Arts during the 4th quarter valued at about $217,000. Huntington National Bank boosted its holdings in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Fisher Funds Management LTD acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Electronic Arts during the 4th quarter worth about $13,845,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EA. Citigroup cut their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Robert W. Baird dropped their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Finally, Benchmark reduced their target price on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $154.55.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $130.46 on Friday. The firm has a fifty day simple moving average of $135.46 and a two-hundred day simple moving average of $145.85. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a market capitalization of $34.00 billion, a P/E ratio of 33.20, a PEG ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,500 shares of company stock worth $3,593,095. Insiders own 0.22% of the company’s stock.

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.