Rosenberg Matthew Hamilton Acquires 241 Shares of Electronic Arts Inc. (NASDAQ:EA)

Rosenberg Matthew Hamilton increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 30.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,040 shares of the game software company’s stock after purchasing an additional 241 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Electronic Arts were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the 3rd quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC raised its holdings in shares of Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC lifted its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Electronic Arts by 9,280.0% in the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock worth $69,000 after purchasing an additional 464 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Benchmark reiterated a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Argus raised their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Finally, DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Trading Down 0.1 %

Shares of EA stock opened at $141.75 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a fifty day simple moving average of $156.67 and a two-hundred day simple moving average of $149.10. The firm has a market capitalization of $37.18 billion, a PE ratio of 36.44, a PEG ratio of 2.06 and a beta of 0.80. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now directly owns 51,747 shares in the company, valued at approximately $7,548,334.89. The trade was a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock valued at $3,422,485. 0.22% of the stock is owned by company insiders.

Electronic Arts Company 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.