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

Amalgamated Bank lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,352 shares of the game software company’s stock after buying an additional 725 shares during the quarter. Amalgamated Bank’s holdings in Electronic Arts were worth $7,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after buying an additional 26,505 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Electronic Arts by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock valued at $261,772,000 after acquiring an additional 23,289 shares during the last quarter. Swedbank AB grew its holdings in shares of Electronic Arts by 6.3% in the fourth 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 in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Electronic Arts by 28.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock worth $134,969,000 after purchasing an additional 206,623 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $156.27, for a total transaction of $234,405.00. Following the transaction, the executive vice president now directly owns 24,886 shares in the company, 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. Insiders have sold a total of 25,500 shares of company stock worth $3,593,095 in the last three months. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of several research reports. Benchmark lowered their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Oppenheimer reduced their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Wedbush restated an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Stifel Nicolaus dropped their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $154.55.

Electronic Arts Stock Performance

Electronic Arts stock opened at $131.19 on Thursday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a market capitalization of $34.19 billion, a PE ratio of 33.38, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a 50 day moving average price of $135.80 and a 200-day moving average price of $145.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

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

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

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.