Electronic Arts Inc. (NASDAQ:EA) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 11.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,327 shares of the game software company’s stock after purchasing an additional 231 shares during the quarter. GAMMA Investing LLC’s holdings in Electronic Arts were worth $309,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC raised its holdings in shares of Electronic Arts by 28.9% during the third quarter. Kestra Advisory Services LLC now owns 11,485 shares of the game software company’s stock valued at $1,383,000 after buying an additional 2,573 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Electronic Arts by 6.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 201,074 shares of the game software company’s stock worth $24,209,000 after acquiring an additional 11,416 shares during the period. CI Investments Inc. grew its stake in shares of Electronic Arts by 7.9% in the third quarter. CI Investments Inc. now owns 4,638 shares of the game software company’s stock worth $558,000 after purchasing an additional 339 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of Electronic Arts during the third quarter valued at $607,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Electronic Arts during the third quarter valued at about $227,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Benchmark reissued a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. BMO Capital Markets dropped their price target on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Nine investment analysts have rated the stock with a hold rating and nine have given a 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 $147.00.

Insider Activity

In other news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the transaction, the chief executive officer now owns 66,747 shares in the company, valued at approximately $8,954,110.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $132.82, for a total transaction of $106,256.00. Following the sale, the insider now directly owns 27,083 shares in the company, valued at $3,597,164.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 4,639 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the transaction, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at $8,954,110.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,539 shares of company stock valued at $3,089,969. 0.20% of the stock is owned by company insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $138.13 on Thursday. The firm has a market capitalization of $36.71 billion, a PE ratio of 29.51, a PEG ratio of 2.20 and a beta of 0.80. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The firm’s fifty day simple moving average is $130.77 and its 200 day simple moving average is $134.78.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, sell-side analysts anticipate that Electronic Arts Inc. will post 5.7 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were given a $0.19 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. Electronic Arts’s dividend payout ratio is 16.24%.

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.