Alpha DNA Investment Management LLC Makes New $779,000 Investment in Electronic Arts Inc. (NASDAQ:EA)

Alpha DNA Investment Management LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) in the third quarter, Holdings Channel reports. The fund acquired 5,433 shares of the game software company’s stock, valued at approximately $779,000.

Several other hedge funds also recently made changes to their positions in the business. Huntington National Bank grew its position in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after buying an additional 234,098 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Electronic Arts by 34.9% during the 2nd quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock valued at $1,982,000 after acquiring an additional 3,681 shares during the period. Greenwood Capital Associates LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth $5,597,000. Chesapeake Capital Corp IL bought a new position in shares of Electronic Arts in the third quarter worth $950,000. Finally, Czech National Bank raised its stake in Electronic Arts by 8.3% in the second quarter. Czech National Bank now owns 46,360 shares of the game software company’s stock valued at $6,459,000 after purchasing an additional 3,554 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the sale, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,384 shares of company stock worth $4,776,635. 0.22% of the stock is currently owned by insiders.

Electronic Arts Trading Down 0.8 %

NASDAQ EA opened at $166.67 on Friday. The firm has a market capitalization of $43.71 billion, a PE ratio of 42.85, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. The business’s 50-day moving average price is $149.36 and its two-hundred day moving average price is $143.84. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is presently 19.54%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. UBS Group boosted their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Stifel Nicolaus upped their price objective on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Argus lifted their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

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.