Electronic Arts Inc. (NASDAQ:EA) Stock Position Cut by Unigestion Holding SA

Unigestion Holding SA trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 21.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 170,402 shares of the game software company’s stock after selling 47,042 shares during the period. Electronic Arts makes up about 1.4% of Unigestion Holding SA’s holdings, making the stock its 27th largest position. Unigestion Holding SA’s holdings in Electronic Arts were worth $24,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EA. Russell Investments Group Ltd. boosted its stake in Electronic Arts by 19.5% during the fourth quarter. Russell Investments Group Ltd. now owns 256,622 shares of the game software company’s stock valued at $37,560,000 after buying an additional 41,882 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Electronic Arts by 6.4% during the 4th quarter. Wedbush Securities Inc. now owns 1,503 shares of the game software company’s stock valued at $220,000 after purchasing an additional 91 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Electronic Arts by 2.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 810,769 shares of the game software company’s stock worth $118,616,000 after purchasing an additional 16,622 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $2,436,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Electronic Arts during the fourth quarter valued at approximately $1,084,000. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at approximately $4,647,637.50. This represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,000 shares of company stock worth $3,015,990. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $135.34 on Friday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock’s 50-day moving average is $134.10 and its two-hundred day moving average is $144.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $35.27 billion, a P/E ratio of 34.44, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s payout ratio is presently 19.34%.

Analyst Ratings Changes

Several research firms have issued reports on EA. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Robert W. Baird decreased their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Bank of America lifted their price target on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Finally, UBS Group boosted their price objective on Electronic Arts from $138.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $155.30.

About Electronic Arts

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.