Metis Global Partners LLC Boosts Stake in Electronic Arts Inc. (NASDAQ:EA)

Metis Global Partners LLC raised its position in Electronic Arts Inc. (NASDAQ:EA) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,408 shares of the game software company’s stock after buying an additional 97 shares during the quarter. Metis Global Partners LLC’s holdings in Electronic Arts were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Electronic Arts by 496.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after acquiring an additional 2,090,504 shares during the last quarter. Swedbank AB acquired a new stake in Electronic Arts during the 1st quarter worth approximately $201,935,000. Jericho Capital Asset Management L.P. purchased a new position in shares of Electronic Arts in the 1st quarter valued at approximately $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth $188,159,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of EA stock opened at $161.36 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $42.32 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $164.42. The company has a 50 day moving average price of $147.17 and a 200 day moving average price of $142.55.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. Electronic Arts’s payout ratio is 19.54%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This represents a 3.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s 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 transaction, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of analyst reports. BMO Capital Markets restated an “outperform” rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. TD Cowen boosted their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group boosted their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Company 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.