Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 45.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,620 shares of the game software company’s stock after acquiring an additional 7,030 shares during the period. Mizuho Securities USA LLC’s holdings in Electronic Arts were worth $3,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $658,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $37,000. Teacher Retirement System of Texas increased its holdings in shares of Electronic Arts by 165.7% during the 4th quarter. Teacher Retirement System of Texas now owns 417,817 shares of the game software company’s stock worth $61,127,000 after buying an additional 260,567 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Electronic Arts by 6.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 116,824 shares of the game software company’s stock worth $17,091,000 after buying an additional 6,706 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Electronic Arts by 63.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 19,923 shares of the game software company’s stock worth $2,918,000 after buying an additional 7,753 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Electronic Arts stock opened at $144.30 on Monday. The stock has a market cap of $37.61 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a fifty day simple moving average of $132.76 and a 200-day simple moving average of $144.62. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

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

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target for the company. Bank of America raised their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Ascendiant Capital Markets lifted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $154.78.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock worth $3,166,740 in the last ninety days. 0.22% of the stock is owned by corporate 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.