AIA Group Ltd Makes New Investment in Electronic Arts Inc. (NASDAQ:EA)

AIA Group Ltd bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,649 shares of the game software company’s stock, valued at approximately $1,457,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Resurgent Financial Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $26,000. Bray Capital Advisors increased its holdings in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after purchasing an additional 110 shares during the period. Venturi Wealth Management LLC increased its holdings in Electronic Arts by 81.0% during the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after purchasing an additional 102 shares during the period. Tyler Stone Wealth Management purchased a new position in Electronic Arts during the 2nd quarter valued at about $32,000. Finally, Neo Ivy Capital Management increased its holdings in Electronic Arts by 70.1% during the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock valued at $31,000 after purchasing an additional 108 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Benchmark reiterated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday. UBS Group reduced their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price on the stock. Stifel Nicolaus upped their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Wedbush reiterated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Stock Performance

EA stock opened at $126.31 on Friday. The stock has a market capitalization of $33.77 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $135.02 and its 200 day simple moving average is $134.25.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business posted $2.29 earnings per share. Electronic Arts’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts’s dividend payout ratio is currently 19.14%.

Insider Buying and Selling

In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now directly owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the sale, the insider now owns 18,426 shares in the company, valued at approximately $2,362,397.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,144 shares of company stock valued at $5,143,560. 0.20% of the stock is owned by company insiders.

Electronic Arts Profile

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.