ABN Amro Investment Solutions Raises Position in Electronic Arts Inc. $EA

ABN Amro Investment Solutions lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 238.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,657 shares of the game software company’s stock after acquiring an additional 8,215 shares during the quarter. ABN Amro Investment Solutions’ holdings in Electronic Arts were worth $2,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its holdings in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares during the last quarter. Oakworth Capital Inc. acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $30,000. Geneos Wealth Management Inc. increased its holdings in shares of Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares during the last quarter. Salomon & Ludwin LLC raised its position in shares of Electronic Arts by 32.8% during 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 in the last quarter. Finally, Tidemark LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Electronic Arts stock opened at $200.97 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $201.95 and a 200-day simple moving average of $202.23. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The stock has a market capitalization of $50.39 billion, a PE ratio of 57.58, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66.

Electronic Arts Announces Dividend

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

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the completion of the transaction, the insider directly owned 27,560 shares of the company’s stock, valued at $5,534,323.60. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the sale, the insider owned 40,843 shares of the company’s stock, valued at approximately $8,190,655.22. The trade was a 5.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 39,906 shares of company stock worth $8,032,336. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on EA. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Citigroup increased their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $196.64.

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.