Eurizon Capital SGR S.p.A. Makes New $22.22 Million Investment in Electronic Arts Inc. $EA

Eurizon Capital SGR S.p.A. acquired a new position in Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 108,821 shares of the game software company’s stock, valued at approximately $22,223,000.

Other large investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. increased its stake in Electronic Arts by 100.0% in 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 during the last quarter. Oakworth Capital Inc. bought a new stake in Electronic Arts in the 3rd quarter worth approximately $30,000. Fideuram Asset Management Ireland dac bought a new stake in Electronic Arts in the 4th quarter worth approximately $44,000. Geneos Wealth Management Inc. increased its stake in Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its stake in Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on EA shares. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup boosted their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Stock Performance

NASDAQ EA opened at $201.72 on Friday. The company has a market cap of $50.58 billion, a P/E ratio of 57.80, a P/E/G ratio of 2.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day moving average price is $202.07 and its 200-day moving average price is $202.25. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is currently 21.78%.

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the transaction, the insider owned 45,843 shares of the company’s stock, valued at $9,166,307.85. This represents a 5.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total value of $1,005,950.00. Following the completion of the transaction, the executive vice president directly owned 42,287 shares in the company, valued at $8,507,721.53. This trade represents a 10.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 39,906 shares of company stock worth $8,032,336. 0.24% of the stock is owned by company insiders.

Electronic Arts Company 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.