Ameriprise Financial Inc. Raises Stake in Electronic Arts Inc. $EA

Ameriprise Financial Inc. boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,591,869 shares of the game software company’s stock after buying an additional 374,840 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.84% of Electronic Arts worth $926,194,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Ameriflex Group Inc. grew its holdings in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. MTM Investment Management LLC purchased a new position in Electronic Arts during the 2nd quarter valued at about $30,000. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts in the 3rd quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after purchasing an additional 95 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $37,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 0.1%

Shares of EA stock opened at $199.24 on Friday. The stock’s 50-day simple moving average is $201.93 and its 200-day simple moving average is $197.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $49.86 billion, a PE ratio of 74.90, a P/E/G ratio of 2.37 and a beta of 0.75. Electronic Arts Inc. has a fifty-two week low of $131.15 and a fifty-two week high of $204.88.

Electronic Arts Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on EA shares. Citigroup reduced their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $188.30.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $200.63, for a total transaction of $240,756.00. Following the transaction, the insider owned 31,160 shares in the company, valued at approximately $6,251,630.80. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total transaction of $997,500.00. Following the completion of the sale, the chief executive officer directly owned 33,858 shares in the company, valued at $6,754,671. This represents a 12.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,600 shares of company stock valued at $5,589,823 over the last quarter. Insiders own 0.24% of the company’s stock.

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.