GABELLI & Co INVESTMENT ADVISERS INC. Purchases 111,450 Shares of Electronic Arts Inc. $EA

GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 750.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 126,300 shares of the game software company’s stock after acquiring an additional 111,450 shares during the quarter. Electronic Arts accounts for approximately 3.9% of GABELLI & Co INVESTMENT ADVISERS INC.’s investment portfolio, making the stock its 4th largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Electronic Arts were worth $25,807,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EA. Vanguard Group Inc. boosted its position in shares of Electronic Arts by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after purchasing an additional 485,030 shares during the period. Pentwater Capital Management LP acquired a new position in shares of Electronic Arts in the 3rd quarter valued at $968,160,000. Ameriprise Financial Inc. boosted its position in shares of Electronic Arts by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock valued at $926,194,000 after purchasing an additional 374,840 shares during the period. Invesco Ltd. boosted its position in shares of Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after purchasing an additional 202,657 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Electronic Arts by 26.3% in the 3rd quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock valued at $619,127,000 after purchasing an additional 638,667 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the sale, the chief financial officer directly owned 5,897 shares in the company, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total value of $1,016,050.00. Following the sale, the chief executive officer owned 23,858 shares of the company’s stock, valued at $4,848,184.18. The trade was a 17.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 27,600 shares of company stock valued at $5,544,159. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EA. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research report on Monday, May 4th. Finally, Citigroup increased their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $196.64.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $200.64 on Monday. Electronic Arts Inc. has a one year low of $141.19 and a one year high of $204.88. The firm has a market capitalization of $50.31 billion, a PE ratio of 57.49, a PEG ratio of 2.21 and a beta of 0.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $201.76 and a two-hundred day moving average price of $202.20.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.