Ameliora Wealth Management Ltd. Invests $110,000 in Electronic Arts Inc. (NASDAQ:EA)

Ameliora Wealth Management Ltd. purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 750 shares of the game software company’s stock, valued at approximately $110,000.

Several other large investors have also recently added to or reduced their stakes in EA. Sanctuary Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at about $749,000. Czech National Bank grew its holdings in shares of Electronic Arts by 5.6% during the third quarter. Czech National Bank now owns 48,976 shares of the game software company’s stock valued at $7,025,000 after purchasing an additional 2,616 shares during the last quarter. Mather Group LLC. raised its position in shares of Electronic Arts by 18.5% during the 3rd quarter. Mather Group LLC. now owns 1,024 shares of the game software company’s stock worth $147,000 after purchasing an additional 160 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $216,000. Finally, CWM LLC boosted its position in Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after purchasing an additional 95 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Roth Mkm dropped their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets dropped their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday. Citigroup reduced their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Finally, UBS Group boosted their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average target price of $155.24.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock worth $3,562,510 over the last 90 days. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

NASDAQ EA opened at $132.00 on Friday. The stock has a market capitalization of $34.62 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.50 and a beta of 0.79. 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 business’s fifty day moving average is $144.69 and its two-hundred day moving average is $147.43. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. On average, research analysts forecast that Electronic Arts Inc. will post 5.02 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

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.