ABN Amro Investment Solutions Buys Shares of 3,442 Electronic Arts Inc. $EA

ABN Amro Investment Solutions purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,442 shares of the game software company’s stock, valued at approximately $694,000.

A number of other large investors also recently modified their holdings of EA. HighTower Advisors LLC grew its position in Electronic Arts by 8.3% during the 3rd quarter. HighTower Advisors LLC now owns 31,583 shares of the game software company’s stock worth $6,371,000 after acquiring an additional 2,408 shares during the last quarter. Shepherd Financial Partners LLC boosted its stake in shares of Electronic Arts by 8.4% during the third quarter. Shepherd Financial Partners LLC now owns 6,094 shares of the game software company’s stock valued at $1,229,000 after purchasing an additional 470 shares in the last quarter. Taylor Hoffman Capital Management LLC grew its holdings in shares of Electronic Arts by 0.3% during the third quarter. Taylor Hoffman Capital Management LLC now owns 29,173 shares of the game software company’s stock worth $5,884,000 after purchasing an additional 78 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Electronic Arts during the third quarter worth about $127,000. Finally, Assetmark Inc. increased its stake in shares of Electronic Arts by 7.4% in the third quarter. Assetmark Inc. now owns 38,981 shares of the game software company’s stock valued at $7,862,000 after buying an additional 2,697 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the transaction, the chief executive officer directly owned 38,858 shares in the company, valued at approximately $7,937,135.08. This represents a 11.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.27, for a total transaction of $510,675.00. Following the sale, the insider directly owned 50,648 shares of the company’s stock, valued at approximately $10,345,866.96. This trade represents a 4.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,069 shares of company stock valued at $23,194,130 over the last ninety days. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $200.62 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $203.40 and its two-hundred day simple moving average is $193.21. Electronic Arts Inc. has a 12 month low of $128.02 and a 12 month high of $204.88. The stock has a market capitalization of $50.21 billion, a P/E ratio of 75.42, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 28.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Benchmark reiterated a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Argus set a $210.00 price target on shares of Electronic Arts in a research note on Thursday, October 30th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Morgan Stanley increased their price objective on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Finally, Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $186.95.

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.