Amica Mutual Insurance Co. Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)


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Amica Mutual Insurance Co. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 28.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,796 shares of the game software company’s stock after buying an additional 15,558 shares during the period. Electronic Arts comprises approximately 1.1% of Amica Mutual Insurance Co.’s holdings, making the stock its 21st biggest holding. Amica Mutual Insurance Co.’s holdings in Electronic Arts were worth $9,102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Leelyn Smith LLC boosted its holdings in shares of Electronic Arts by 1.7% in the 3rd quarter. Leelyn Smith LLC now owns 5,153 shares of the game software company’s stock valued at $672,000 after buying an additional 84 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Electronic Arts by 2.4% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,801 shares of the game software company’s stock valued at $502,000 after buying an additional 88 shares during the period. Keybank National Association OH boosted its holdings in shares of Electronic Arts by 3.5% in the 3rd quarter. Keybank National Association OH now owns 2,822 shares of the game software company’s stock valued at $368,000 after buying an additional 96 shares during the period. Signaturefd LLC boosted its holdings in shares of Electronic Arts by 2.1% in the 3rd quarter. Signaturefd LLC now owns 4,589 shares of the game software company’s stock valued at $598,000 after buying an additional 96 shares during the period. Finally, Wealth Architects LLC boosted its holdings in shares of Electronic Arts by 3.6% in the 3rd quarter. Wealth Architects LLC now owns 2,785 shares of the game software company’s stock valued at $363,000 after buying an additional 97 shares during the period. 81.28% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on EA. JPMorgan Chase & Co. lifted their price target on shares of Electronic Arts from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, October 26th. UBS Group boosted their target price on shares of Electronic Arts from $126.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Piper Sandler lowered shares of Electronic Arts from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $157.00 to $133.00 in a research note on Friday, November 6th. BMO Capital Markets reduced their target price on shares of Electronic Arts from $142.00 to $127.00 and set a “market perform” rating for the company in a research note on Monday, November 9th. Finally, Morgan Stanley reduced their target price on shares of Electronic Arts from $145.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, November 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $141.86.

EA traded up $1.73 on Friday, hitting $121.87. 3,186,929 shares of the stock were exchanged, compared to its average volume of 2,956,052. Electronic Arts Inc. has a 12 month low of $85.69 and a 12 month high of $147.36. The business has a 50-day moving average of $125.00 and a two-hundred day moving average of $129.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market capitalization of $35.35 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.46 and a beta of 0.94.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Wednesday, December 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.68 annualized dividend and a yield of 0.56%.

In other news, CFO Blake J. Jorgensen sold 5,975 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $127.98, for a total value of $764,680.50. Following the completion of the transaction, the chief financial officer now owns 70,594 shares of the company’s stock, valued at $9,034,620.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 250,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $124.67, for a total transaction of $31,167,500.00. Following the completion of the transaction, the chief executive officer now directly owns 250,000 shares of the company’s stock, valued at approximately $31,167,500. The disclosure for this sale can be found here. Insiders have sold 576,991 shares of company stock valued at $72,461,806 in the last ninety days. 0.92% of the stock is currently owned by company insiders.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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