Groupama Asset Managment Has $247,000 Stake in Electronic Arts Inc. $EA

Groupama Asset Managment cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 88.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,226 shares of the game software company’s stock after selling 9,255 shares during the quarter. Groupama Asset Managment’s holdings in Electronic Arts were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EA. EverSource Wealth Advisors LLC raised its stake in shares of Electronic Arts by 2.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after acquiring an additional 50 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Electronic Arts by 1.2% during the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Electronic Arts by 5.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after purchasing an additional 59 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after purchasing an additional 67 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Electronic Arts by 20.5% in the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after purchasing an additional 68 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.69, for a total value of $239,628.00. Following the completion of the sale, the insider directly owned 29,960 shares of the company’s stock, valued at $5,982,712.40. This represents a 3.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the completion of the sale, the chief executive officer owned 38,858 shares in the company, valued at $7,937,135.08. This represents a 11.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,600 shares of company stock worth $5,553,319. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Down 0.1%

Shares of NASDAQ EA opened at $200.51 on Friday. The firm has a market capitalization of $50.18 billion, a PE ratio of 75.38, a price-to-earnings-growth ratio of 2.39 and a beta of 0.75. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1 year low of $131.15 and a 1 year high of $204.88. The firm’s 50-day moving average is $201.55 and its 200-day moving average is $198.09.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EA shares. Citigroup dropped their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $188.30.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.