Nomura Holdings Inc. Buys 3,259 Shares of Electronic Arts Inc. (NASDAQ:EA)

Nomura Holdings Inc. raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 11.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,208 shares of the game software company’s stock after purchasing an additional 3,259 shares during the period. Nomura Holdings Inc.’s holdings in Electronic Arts were worth $4,566,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Intrust Bank NA lifted its stake in shares of Electronic Arts by 3.3% during the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock valued at $362,000 after buying an additional 78 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after buying an additional 81 shares in the last quarter. Ballentine Partners LLC raised its holdings in Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after acquiring an additional 82 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after acquiring an additional 83 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Electronic Arts by 5.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock worth $249,000 after acquiring an additional 90 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.64, for a total transaction of $224,460.00. Following the completion of the transaction, the executive vice president now owns 17,533 shares in the company, valued at approximately $2,623,638.12. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,500 shares of company stock worth $3,342,580. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on EA. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Monday, January 27th. Oppenheimer boosted their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. TD Cowen upped their target price on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Roth Capital reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, May 7th. Finally, BMO Capital Markets dropped their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $161.83.

Electronic Arts Stock Up 1.6%

Shares of EA opened at $149.57 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $144.23 and a 200 day moving average of $145.01. The company has a market cap of $38.98 billion, a PE ratio of 38.06, a P/E/G ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s dividend payout ratio is currently 17.92%.

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.