Rosenberg Matthew Hamilton Grows Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Rosenberg Matthew Hamilton raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,040 shares of the game software company’s stock after purchasing an additional 241 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Electronic Arts were worth $152,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its holdings in Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after buying an additional 420,382 shares during the period. Dimensional Fund Advisors LP increased its position in Electronic Arts by 29.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after acquiring an additional 354,005 shares during the last quarter. abrdn plc raised its stake in shares of Electronic Arts by 59.2% in the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after acquiring an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after acquiring an additional 314,388 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Electronic Arts during the 3rd quarter worth about $40,154,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Trading Down 0.1 %

Shares of NASDAQ:EA opened at $141.75 on Wednesday. The company has a market capitalization of $37.18 billion, a PE ratio of 36.44, a P/E/G ratio of 2.06 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The business’s fifty day simple moving average is $156.67 and its 200-day simple moving average is $149.10.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the sale, the insider now owns 30,216 shares in the company, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the completion of the transaction, the chief executive officer now directly owns 51,747 shares of the company’s stock, valued at $7,548,334.89. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock worth $3,422,485. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 price target (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Stifel Nicolaus reissued a “hold” rating and set a $167.00 price target on shares of Electronic Arts in a research note on Wednesday, December 18th. Robert W. Baird upped their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Benchmark reiterated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Get Our Latest Report on EA

Electronic Arts Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EAFree Report).

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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