Generali Asset Management SPA SGR Purchases Shares of 34,976 Electronic Arts Inc. (NASDAQ:EA)

Generali Asset Management SPA SGR purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 34,976 shares of the game software company's stock, valued at approximately $5,117,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Electronic Arts by 8.1% during the 4th quarter. Signaturefd LLC now owns 4,724 shares of the game software company's stock valued at $691,000 after buying an additional 353 shares during the period. Parallel Advisors LLC grew its position in Electronic Arts by 6.1% during the fourth quarter. Parallel Advisors LLC now owns 4,774 shares of the game software company's stock valued at $698,000 after acquiring an additional 273 shares during the period. Cibc World Markets Corp grew its position in Electronic Arts by 2.2% during the fourth quarter. Cibc World Markets Corp now owns 156,665 shares of the game software company's stock valued at $22,920,000 after acquiring an additional 3,374 shares during the period. Addison Capital Co increased its stake in Electronic Arts by 9.3% during the fourth quarter. Addison Capital Co now owns 2,994 shares of the game software company's stock worth $438,000 after acquiring an additional 256 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Electronic Arts by 6.2% in the 4th quarter. Natixis Advisors LLC now owns 279,554 shares of the game software company's stock worth $40,898,000 after purchasing an additional 16,256 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

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Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the sale, the executive vice president now owns 23,386 shares of the company's stock, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $3,166,740 over the last ninety days. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded up $1.05 during mid-day trading on Friday, hitting $144.30. The stock had a trading volume of 9,254,820 shares, compared to its average volume of 2,408,865. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $37.61 billion, a PE ratio of 36.72, a PEG ratio of 3.58 and a beta of 0.78. The company's fifty day simple moving average is $132.76 and its two-hundred day simple moving average is $144.64.

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

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts's dividend payout ratio is currently 19.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wedbush reiterated an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. Bank of America boosted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Robert W. Baird cut their target price on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. DA Davidson initiated coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 target price on the stock. Finally, Roth Mkm lowered their price target on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Electronic Arts presently 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.