BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 206,623 Shares of Electronic Arts Inc. (NASDAQ:EA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Electronic Arts Inc. (NASDAQ:EA) by 28.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940,942 shares of the game software company’s stock after buying an additional 206,623 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.36% of Electronic Arts worth $134,969,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EA. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts in the third quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts in the second quarter valued at about $28,000. Family Firm Inc. bought a new stake in Electronic Arts during the second quarter worth about $33,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts during the third quarter worth about $36,000. Finally, Gradient Investments LLC increased its holdings in Electronic Arts by 592.1% in the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after buying an additional 225 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Roth Mkm lifted their target price on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group raised their target price 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. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Trading Up 0.3 %

Shares of EA stock opened at $166.71 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $43.72 billion, a P/E ratio of 42.86, a PEG ratio of 2.17 and a beta of 0.78. The company has a 50 day moving average of $148.47 and a 200-day moving average of $143.32. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $167.51.

Electronic Arts Announces Dividend

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

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the transaction, the chief executive officer now directly owns 56,747 shares of the company’s stock, valued at $8,448,493.36. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,384 shares of company stock valued at $3,944,285. 0.22% of the stock is owned by insiders.

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.