GAMMA Investing LLC Has $96.74 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

GAMMA Investing LLC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 11,587.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 669,367 shares of the game software company’s stock after acquiring an additional 663,640 shares during the quarter. GAMMA Investing LLC’s holdings in Electronic Arts were worth $96,737,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors raised its holdings in Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock worth $1,778,553,000 after purchasing an additional 605,796 shares during the last quarter. Geode Capital Management LLC raised its holdings in Electronic Arts by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock worth $978,650,000 after purchasing an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Electronic Arts by 6.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock worth $648,169,000 after purchasing an additional 270,991 shares during the last quarter. Northern Trust Corp raised its holdings in Electronic Arts by 12.4% during the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company’s stock worth $476,540,000 after purchasing an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company’s stock worth $472,362,000 after purchasing an additional 120,632 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares in the company, valued at approximately $4,647,637.50. This trade represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,729 shares of company stock valued at $4,107,664. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group raised their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Robert W. Baird set a $168.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 7th. Argus set a $170.00 price objective on shares of Electronic Arts in a research note on Friday, May 16th. Hsbc Global Res upgraded shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley lifted their price objective on shares of Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $161.88.

Electronic Arts Stock Performance

NASDAQ EA opened at $143.22 on Monday. The company has a fifty day simple moving average of $145.65 and a 200 day simple moving average of $144.20. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $35.91 billion, a P/E ratio of 36.44, a PEG ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s payout ratio is currently 17.92%.

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.