Munich Reinsurance Co Stock Corp in Munich Purchases Shares of 16,004 Electronic Arts Inc. $EA

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 16,004 shares of the game software company’s stock, valued at approximately $3,228,000.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. lifted its holdings in shares of Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares during the period. MTM Investment Management LLC acquired a new stake in Electronic Arts during the second quarter worth about $30,000. Oakworth Capital Inc. acquired a new stake in Electronic Arts during the third quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Electronic Arts in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $510,275.00. Following the sale, the insider owned 53,148 shares of the company’s stock, valued at approximately $10,848,038.28. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $200.63, for a total transaction of $240,756.00. Following the completion of the sale, the insider directly owned 31,160 shares of the company’s stock, valued at approximately $6,251,630.80. The trade was a 3.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 27,600 shares of company stock valued at $5,589,823. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the topic of several recent research reports. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Citigroup decreased their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $188.30.

Electronic Arts Stock Performance

NASDAQ EA opened at $198.00 on Friday. The stock has a market capitalization of $49.55 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 2.36 and a beta of 0.75. Electronic Arts Inc. has a twelve month low of $131.15 and a twelve month high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $202.42 and a 200 day moving average of $196.13.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be given a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is 28.57%.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.