Altshuler Shaham Ltd Has $250,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Altshuler Shaham Ltd increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,824 shares of the game software company’s stock after purchasing an additional 134 shares during the period. Altshuler Shaham Ltd’s holdings in Electronic Arts were worth $250,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after purchasing an additional 301,194 shares during the last quarter. Morgan Stanley grew its holdings in shares of Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Electronic Arts by 1.9% during the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock worth $381,819,000 after purchasing an additional 60,359 shares during the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after purchasing an additional 1,064,022 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now owns 26,283 shares of the company’s stock, valued at approximately $3,328,479.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The disclosure for this sale can be found here. Insiders sold 32,272 shares of company stock worth $4,420,459 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a report on Tuesday, April 23rd. Benchmark reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. BMO Capital Markets cut their price objective on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Roth Mkm dropped their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.61.

Electronic Arts Stock Performance

NASDAQ:EA traded up $1.88 during trading on Thursday, reaching $127.12. The company’s stock had a trading volume of 3,186,299 shares, compared to its average volume of 2,025,852. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a 50 day moving average of $131.27 and a 200-day moving average of $134.45. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Electronic Arts Profile

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.