Electronic Arts Inc. (NASDAQ:EA) Stake Cut by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 15.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,428 shares of the game software company's stock after selling 5,662 shares during the period. Banque Cantonale Vaudoise's holdings in Electronic Arts were worth $4,508,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company's stock worth $333,169,000 after purchasing an additional 2,090,504 shares during the period. Swedbank AB purchased a new stake in Electronic Arts in the 1st quarter worth $201,935,000. Jericho Capital Asset Management L.P. acquired a new position in Electronic Arts during the first quarter worth $189,055,000. Manning & Napier Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter valued at about $188,159,000. Finally, Capital International Investors grew its position in shares of Electronic Arts by 16.4% in the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company's stock valued at $782,920,000 after purchasing an additional 833,492 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the sale, the insider now owns 30,190 shares in the company, valued at $4,579,823. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the sale, the chief executive officer now owns 56,747 shares of the company's stock, valued at approximately $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 have sold 26,384 shares of company stock worth $3,944,285 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and raised their price objective for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Bank of America lifted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Robert W. Baird upped their target price on shares of Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Electronic Arts presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

Electronic Arts Price Performance

Shares of EA stock traded up $0.58 during mid-day trading on Wednesday, reaching $166.71. The stock had a trading volume of 2,056,346 shares, compared to its average volume of 2,055,460. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $167.51. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $148.47 and a 200 day simple moving average of $143.32. The company has a market cap of $43.72 billion, a P/E ratio of 42.86, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

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 issued a $0.19 dividend. The ex-dividend date 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 (DPR) is 19.54%.

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.