Electronic Arts Inc. $EA Shares Acquired by Amundi

Amundi lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 17.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,981,512 shares of the game software company’s stock after buying an additional 291,163 shares during the period. Amundi owned 0.79% of Electronic Arts worth $311,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP raised its holdings in Electronic Arts by 478.4% in the 2nd quarter. Marshall Wace LLP now owns 213,132 shares of the game software company’s stock valued at $34,037,000 after acquiring an additional 176,283 shares during the last quarter. Epoch Investment Partners Inc. grew its position in shares of Electronic Arts by 17.5% in the second quarter. Epoch Investment Partners Inc. now owns 507,482 shares of the game software company’s stock valued at $81,045,000 after purchasing an additional 75,427 shares during the period. First Trust Advisors LP grew its position in shares of Electronic Arts by 17.0% in the second quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock valued at $388,211,000 after purchasing an additional 353,327 shares during the period. Guggenheim Capital LLC increased its stake in Electronic Arts by 17.3% in the second quarter. Guggenheim Capital LLC now owns 70,162 shares of the game software company’s stock valued at $11,205,000 after purchasing an additional 10,368 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Electronic Arts by 70.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,058 shares of the game software company’s stock worth $329,000 after buying an additional 851 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 0.2%

Shares of Electronic Arts stock opened at $203.92 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $204.01. The stock has a market cap of $51.00 billion, a price-to-earnings ratio of 59.63, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $201.10 and a 200 day moving average price of $174.11.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is 22.22%.

Wall Street Analyst Weigh In

Several research firms have commented on EA. DZ Bank cut Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Baird R W downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Hsbc Global Res lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. DA Davidson increased their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Finally, Robert W. Baird reissued a “neutral” rating and set a $210.00 price objective (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $181.64.

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the completion of the sale, the insider owned 53,092 shares of the company’s stock, valued at $10,713,434.68. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Huber sold 79,381 shares of Electronic Arts stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $201.17, for a total transaction of $15,969,075.77. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 134,869 shares of company stock worth $26,878,477 in the last 90 days. 0.24% of the stock is owned by insiders.

Electronic Arts Company 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.