Amundi Purchases 122,494 Shares of Electronic Arts Inc. (NASDAQ:EA)

Amundi raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,990,729 shares of the game software company's stock after acquiring an additional 122,494 shares during the period. Amundi owned about 1.14% of Electronic Arts worth $431,315,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Electronic Arts by 23.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 775,085 shares of the game software company's stock valued at $121,164,000 after acquiring an additional 146,707 shares during the last quarter. Machina Capital S.A.S. grew its stake in Electronic Arts by 109.0% in the 4th quarter. Machina Capital S.A.S. now owns 5,876 shares of the game software company's stock valued at $860,000 after purchasing an additional 3,064 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Electronic Arts during the 4th quarter valued at $1,275,000. West Family Investments Inc. raised its stake in shares of Electronic Arts by 13.9% during the 4th quarter. West Family Investments Inc. now owns 3,002 shares of the game software company's stock worth $439,000 after purchasing an additional 367 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Electronic Arts by 5.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,489 shares of the game software company's stock worth $510,000 after buying an additional 171 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

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Electronic Arts Price Performance

Shares of EA traded up $0.39 during trading hours on Monday, reaching $140.43. 5,437,329 shares of the company's stock traded hands, compared to its average volume of 4,413,295. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $36.60 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The firm's 50 day simple moving average is $133.66 and its 200-day simple moving average is $145.21.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts's dividend payout ratio is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now owns 29,216 shares of the company's stock, valued at approximately $4,311,405.12. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,500 shares of company stock worth $3,428,645 over the last 90 days. Corporate insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Benchmark lowered their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Moffett Nathanson upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research note on Friday, January 31st. Bank of America increased their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Roth Mkm dropped their price target on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Finally, Ascendiant Capital Markets lifted their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $154.78.

Electronic Arts 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.