Banque Pictet & Cie SA lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) by 95.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,540 shares of the game software company’s stock after selling 83,299 shares during the period. Banque Pictet & Cie SA’s holdings in Electronic Arts were worth $723,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares during the last quarter. Empowered Funds LLC boosted its holdings in Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the last quarter. Norges Bank purchased a new stake in shares of Electronic Arts in the second quarter worth $70,348,000. Finally, Quantbot Technologies LP bought a new position in shares of Electronic Arts during the second quarter valued at $532,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on EA. Citigroup lowered their price target on 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 restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $188.30.
Insider Transactions at Electronic Arts
In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $999,750.00. Following the completion of the sale, the chief executive officer owned 28,858 shares of the company’s stock, valued at $5,770,157.10. This represents a 14.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the transaction, the insider owned 45,843 shares in the company, valued at $9,166,307.85. This trade represents a 5.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 27,600 shares of company stock valued at $5,553,319. 0.24% of the stock is owned by company insiders.
Electronic Arts Trading Up 0.0%
NASDAQ:EA opened at $203.60 on Friday. The company has a market cap of $50.95 billion, a PE ratio of 76.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.73. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $201.24 and a two-hundred day simple moving average of $199.99. Electronic Arts Inc. has a 12 month low of $131.15 and a 12 month high of $204.88.
Electronic Arts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.
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.
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