GAMMA Investing LLC Increases Holdings in Electronic Arts Inc. (NASDAQ:EA)

GAMMA Investing LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 45.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,577 shares of the game software company’s stock after acquiring an additional 1,426 shares during the quarter. GAMMA Investing LLC’s holdings in Electronic Arts were worth $657,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Czech National Bank raised its position in Electronic Arts by 5.6% during the third quarter. Czech National Bank now owns 48,976 shares of the game software company’s stock valued at $7,025,000 after acquiring an additional 2,616 shares in the last quarter. Handelsbanken Fonder AB raised its position in Electronic Arts by 5.4% during the third quarter. Handelsbanken Fonder AB now owns 80,964 shares of the game software company’s stock valued at $11,613,000 after acquiring an additional 4,118 shares in the last quarter. Park Avenue Securities LLC raised its position in Electronic Arts by 1.4% during the third quarter. Park Avenue Securities LLC now owns 14,430 shares of the game software company’s stock valued at $2,070,000 after acquiring an additional 203 shares in the last quarter. Jacobs & Co. CA raised its position in Electronic Arts by 3.1% during the third quarter. Jacobs & Co. CA now owns 59,231 shares of the game software company’s stock valued at $8,496,000 after acquiring an additional 1,788 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Electronic Arts by 16,966.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 204,457 shares of the game software company’s stock valued at $28,487,000 after purchasing an additional 203,259 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now owns 29,190 shares in the company, valued at approximately $4,181,175.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total value of $223,980.00. Following the sale, the executive vice president now owns 27,860 shares in the company, valued at approximately $4,160,055.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 29,190 shares in the company, valued at $4,181,175.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,270 shares of company stock worth $4,006,565 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on EA. Bank of America raised their price objective on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wedbush raised their price objective on Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, UBS Group raised their price objective on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average price target of $161.94.

Electronic Arts Stock Performance

NASDAQ EA opened at $143.33 on Wednesday. Electronic Arts Inc. has a fifty-two week low of $119.92 and a fifty-two week high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $38.09 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79. The stock’s fifty day moving average is $145.65 and its two-hundred day moving average is $138.43.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. On average, research analysts anticipate that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s dividend payout ratio is currently 16.24%.

About Electronic Arts

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.