Amalgamated Bank Increases Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Amalgamated Bank boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,352 shares of the game software company’s stock after acquiring an additional 725 shares during the period. Amalgamated Bank’s holdings in Electronic Arts were worth $7,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Swedbank AB lifted its stake in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after purchasing an additional 95,190 shares during the period. Atomi Financial Group Inc. bought a new position in Electronic Arts in the fourth quarter worth $217,000. Huntington National Bank raised its holdings in Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in Electronic Arts during the fourth quarter valued at $13,845,000. Finally, Fisher Funds Management LTD bought a new stake in shares of Electronic Arts during the 4th quarter valued at $3,730,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now owns 30,216 shares of the company’s stock, valued at $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the transaction, the executive vice president now owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. The trade was a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,500 shares of company stock worth $3,593,095. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EA shares. DA Davidson assumed coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target for the company. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Robert W. Baird cut their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Finally, Bank of America lifted their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $154.55.

Electronic Arts Stock Down 0.4 %

Shares of Electronic Arts stock opened at $131.19 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company’s 50 day moving average is $135.80 and its 200 day moving average is $145.95.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio is currently 19.34%.

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.