Amundi Boosts Stock Position in Electronic Arts Inc. $EA

Amundi raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 17.2% during the second quarter, HoldingsChannel.com reports. The firm owned 1,981,512 shares of the game software company’s stock after buying an additional 291,163 shares during the period. Amundi’s holdings in Electronic Arts were worth $311,157,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC raised its holdings in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares in the last quarter. MTM Investment Management LLC bought a new stake in shares of Electronic Arts in the 2nd quarter worth about $30,000. Frazier Financial Advisors LLC raised its stake in shares of Electronic Arts by 328.9% in the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Electronic Arts by 67.5% in the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after purchasing an additional 79 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Electronic Arts during the second quarter worth about $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EA shares. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Benchmark reiterated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. TD Cowen cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and boosted their target price for the company from $200.00 to $210.00 in a research note on Tuesday, September 30th. Finally, Cowen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $181.64.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $201.79, for a total transaction of $504,475.00. Following the transaction, the insider directly owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Huber sold 79,381 shares of Electronic Arts stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $201.17, for a total transaction of $15,969,075.77. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 134,869 shares of company stock worth $26,878,477. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Up 0.2%

Electronic Arts stock opened at $203.92 on Friday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $204.01. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $51.00 billion, a price-to-earnings ratio of 59.63, a PEG ratio of 2.44 and a beta of 0.76. The firm has a 50-day moving average price of $201.10 and a two-hundred day moving average price of $174.11.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. Electronic Arts’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s payout ratio is 22.22%.

About Electronic Arts

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.