Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,727 shares of the game software company’s stock after purchasing an additional 1,150 shares during the period. GAMMA Investing LLC’s holdings in Electronic Arts were worth $838,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EA. Larson Financial Group LLC grew its stake in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after buying an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after acquiring an additional 79 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in shares of Electronic Arts by 1.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after acquiring an additional 88 shares during the last quarter. Finally, CWM LLC raised its position in shares of Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after acquiring an additional 95 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,500 shares of company stock valued at $3,639,565. Company insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 0.3 %

Shares of EA opened at $146.29 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The stock has a market capitalization of $38.37 billion, a P/E ratio of 37.61, a P/E/G ratio of 2.14 and a beta of 0.80. The business’s 50-day moving average price is $157.32 and its 200 day moving average price is $148.86.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EA shares. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $165.37.

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.