GAMMA Investing LLC Purchases New Position in Electronic Arts Inc. (NASDAQ:EA)

GAMMA Investing LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,096 shares of the game software company’s stock, valued at approximately $288,000.

Other large investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its position in shares of Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after acquiring an additional 4,411 shares during the period. Value Partners Investments Inc. raised its holdings in Electronic Arts by 33.5% during the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after buying an additional 107,709 shares during the period. Metis Global Partners LLC lifted its stake in Electronic Arts by 14.7% in the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after buying an additional 1,469 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after buying an additional 389,063 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Up 0.8 %

Shares of EA stock opened at $128.14 on Thursday. The stock has a market cap of $34.26 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $134.00 and a 200 day simple moving average of $134.53.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 earnings per share. On average, research analysts predict that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EA. Benchmark reaffirmed a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday. UBS Group cut their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Wedbush reissued an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Activity

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares in the company, valued at $2,362,397.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the sale, the insider now directly owns 18,426 shares in the company, valued at approximately $2,362,397.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the transaction, the insider now owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,644 shares of company stock worth $4,796,360. 0.20% of the stock is currently owned by corporate insiders.

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.