Alberta Investment Management Corp Has $24.52 Million Stock Holdings in Electronic Arts Inc. $EA

Alberta Investment Management Corp increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 100.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,000 shares of the game software company’s stock after purchasing an additional 60,000 shares during the period. Alberta Investment Management Corp’s holdings in Electronic Arts were worth $24,520,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EA. Ameriflex Group Inc. raised its position in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Electronic Arts during the fourth quarter worth about $44,000. Geneos Wealth Management Inc. grew its stake in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after buying an additional 190 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares during the last quarter. Finally, Asset Dedication LLC grew its stake in Electronic Arts by 333.3% during the third quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock worth $52,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the sale, the chief financial officer owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the completion of the sale, the insider directly owned 27,560 shares of the company’s stock, valued at approximately $5,534,323.60. This represents a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,206 shares of company stock valued at $6,293,083 over the last quarter. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Citigroup upped their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $196.64.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $203.12 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $50.93 billion, a P/E ratio of 58.20, a P/E/G ratio of 2.29 and a beta of 0.65. The firm has a 50 day simple moving average of $202.22 and a 200 day simple moving average of $202.38. Electronic Arts Inc. has a fifty-two week low of $146.97 and a fifty-two week high of $204.88.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Key Electronic Arts News

Here are the key news stories impacting Electronic Arts this week:

• Positive Sentiment: EA is creating a new advertising platform that could unlock incremental revenue by bringing brands into its games and live experiences. Electronic Arts Introduces EA Advertising, Launching Brands Directly Into Gameplay and Live Experiences
• Neutral Sentiment: Management says the ads will be integrated in a “non-disruptive” way, suggesting EA is trying to balance monetization with player retention. Electronic Arts launches EA Advertising, a new way for brands to connect with fans through its games
• Negative Sentiment: Some investors and players may worry that a bigger ad push could make EA’s games feel more commercial, potentially hurting user sentiment and engagement. Electronic Arts Announces Plans To Cram Far More Advertising Into Its Games

About Electronic Arts

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.