Banque Pictet & Cie SA Has $13.53 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Banque Pictet & Cie SA cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 72.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,503 shares of the game software company's stock after selling 239,285 shares during the quarter. Banque Pictet & Cie SA's holdings in Electronic Arts were worth $13,533,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Swedbank AB raised its stake in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after buying an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $217,000. Huntington National Bank raised its position in shares of Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock valued at $36,993,000 after acquiring an additional 234,098 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Electronic Arts during the fourth quarter worth $13,845,000. Finally, Dai ichi Life Insurance Company Ltd boosted its holdings in Electronic Arts by 20.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company's stock worth $9,205,000 after purchasing an additional 11,058 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Electronic Arts stock traded down $1.05 during midday trading on Tuesday, hitting $128.35. The company's stock had a trading volume of 3,763,815 shares, compared to its average volume of 4,244,388. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock's 50-day moving average price is $138.96 and its 200-day moving average price is $146.57. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market capitalization of $33.45 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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 anticipate that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's payout ratio is 19.34%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock valued at $3,644,635 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

EA has been the topic of a number of recent research reports. DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and raised their price target for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Benchmark decreased their target price on Electronic Arts from $163.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Wedbush reissued an "outperform" rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $155.24.

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.