Swiss National Bank Reduces Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Swiss National Bank reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 749,300 shares of the game software company’s stock after selling 2,800 shares during the quarter. Swiss National Bank owned about 0.29% of Electronic Arts worth $107,480,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Huntington National Bank lifted its stake in Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Electronic Arts by 34.9% in the 2nd quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock worth $1,982,000 after purchasing an additional 3,681 shares in the last quarter. Greenwood Capital Associates LLC purchased a new stake in Electronic Arts in the 3rd quarter worth approximately $5,597,000. Bessemer Group Inc. lifted its stake in Electronic Arts by 97.5% in the 1st quarter. Bessemer Group Inc. now owns 19,751 shares of the game software company’s stock worth $2,620,000 after purchasing an additional 9,753 shares in the last quarter. Finally, Czech National Bank lifted its stake in Electronic Arts by 8.3% in the 2nd quarter. Czech National Bank now owns 46,360 shares of the game software company’s stock worth $6,459,000 after purchasing an additional 3,554 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 1.6 %

Shares of Electronic Arts stock opened at $164.01 on Tuesday. 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 stock has a market capitalization of $43.02 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $164.45. The company has a 50-day simple moving average of $147.57 and a two-hundred day simple moving average of $142.90.

Electronic Arts Announces Dividend

The business 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 $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the sale, the insider now directly owns 28,190 shares in the company, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 56,747 shares in the company, valued at $8,448,493.36. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,884 shares of company stock worth $3,699,335 over the last three months. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EA has been the topic of several research reports. Raymond James raised their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. UBS Group raised their price objective 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. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley restated an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus target price of $165.37.

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.