Gotham Asset Management LLC Has $3.81 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Gotham Asset Management LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.2% during the fourth quarter, HoldingsChannel reports. The firm owned 26,060 shares of the game software company’s stock after acquiring an additional 2,186 shares during the quarter. Gotham Asset Management LLC’s holdings in Electronic Arts were worth $3,813,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth about $32,000. LGT Financial Advisors LLC acquired a new position in Electronic Arts in the 4th quarter valued at about $33,000. Millstone Evans Group LLC acquired a new stake in Electronic Arts during the fourth quarter worth approximately $37,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 1.2%

Shares of EA opened at $147.23 on Thursday. The stock has a market capitalization of $38.37 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a fifty day moving average of $144.05 and a 200-day moving average of $144.97.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s payout ratio is 17.92%.

Insider Transactions at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the completion of the transaction, the executive vice president now directly owns 19,033 shares in the company, valued at $2,772,156.45. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,000 shares of company stock worth $3,118,120. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EA shares. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Citigroup lowered their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Moffett Nathanson reaffirmed a “neutral” rating and set a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. Finally, Ascendiant Capital Markets boosted their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Fifteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $161.83.

About Electronic Arts

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.