GAMMA Investing LLC Purchases 824 Shares of Electronic Arts Inc. (NASDAQ:EA)

GAMMA Investing LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 35.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,151 shares of the game software company’s stock after acquiring an additional 824 shares during the quarter. GAMMA Investing LLC’s holdings in Electronic Arts were worth $439,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Electronic Arts by 15.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 32,332 shares of the game software company’s stock valued at $4,423,000 after acquiring an additional 4,344 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Electronic Arts by 81.0% in the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after purchasing an additional 102 shares during the period. Ballentine Partners LLC raised its position in shares of Electronic Arts by 9.0% in the fourth quarter. Ballentine Partners LLC now owns 3,457 shares of the game software company’s stock valued at $473,000 after purchasing an additional 284 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth $203,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth $23,580,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer lifted their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. UBS Group increased their target price on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday. TD Cowen raised their target price on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.16.

Electronic Arts Price Performance

Shares of EA traded up $0.43 during trading hours on Friday, hitting $148.83. The stock had a trading volume of 1,823,429 shares, compared to its average volume of 2,638,668. The stock has a market capitalization of $39.55 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 2.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.37. The company’s fifty day moving average is $140.16 and its two-hundred day moving average is $135.97. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $153.51.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, analysts anticipate that Electronic Arts Inc. will post 5.76 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the sale, the chief executive officer now owns 66,747 shares in the company, valued at $8,954,110.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Electronic Arts news, CAO Eric Charles Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total value of $401,250.00. Following the transaction, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at $997,507.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 owns 66,747 shares in the company, valued at $8,954,110.05. The disclosure for this sale can be found here. Insiders sold a total of 23,239 shares of company stock valued at $3,197,469 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

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.