Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Amalgamated Bank

by · The Cerbat Gem

Amalgamated Bank lessened its stake in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,627 shares of the game software company’s stock after selling 915 shares during the period. Amalgamated Bank’s holdings in Electronic Arts were worth $7,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in EA. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the second quarter worth $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts during the 2nd quarter worth about $33,000. New Covenant Trust Company N.A. purchased a new stake in Electronic Arts in the 1st quarter worth approximately $35,000. Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts in the third quarter valued at $36,000. Finally, Gradient Investments LLC grew its holdings in Electronic Arts by 592.1% in the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after buying an additional 225 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,144 shares of company stock worth $3,886,282 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Trading Up 1.6 %

Shares of NASDAQ EA opened at $157.96 on Thursday. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $159.34. The firm has a market capitalization of $41.73 billion, a P/E ratio of 40.61, a P/E/G ratio of 1.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45. The company’s 50 day simple moving average is $145.17 and its 200 day simple moving average is $140.78.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

Analysts Set New Price Targets

EA has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Bank of America boosted their price target on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group started coverage on Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.39.

Check Out Our Latest Analysis on Electronic Arts

Electronic Arts Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA – Free Report).