Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 9.5% during the 3rd quarter, Holdings Channel reports. The firm owned 53,706 shares of the game software company’s stock after buying an additional 4,675 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Electronic Arts were worth $7,704,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the third quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter worth approximately $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts in the second quarter worth approximately $33,000. New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts in the first quarter worth approximately $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts in the third quarter worth approximately $36,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

EA stock opened at $164.14 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $43.05 billion, a PE ratio of 42.20, a P/E/G ratio of 2.18 and a beta of 0.78. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The business’s fifty day moving average price is $149.71 and its 200 day moving average price is $144.23.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Argus boosted their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the sale, the insider now owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This trade represents a 19.14 % decrease in their position. The transaction 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 dated Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,884 shares of company stock worth $4,404,435. 0.22% of the stock is currently owned by company insiders.

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.