Bank Pictet & Cie Europe AG Lowers Holdings in Electronic Arts Inc. (NASDAQ:EA)

Bank Pictet & Cie Europe AG lowered its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 94.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,178 shares of the game software company's stock after selling 198,600 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Electronic Arts were worth $1,635,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EA. CWM LLC grew its stake in Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company's stock worth $904,000 after purchasing an additional 95 shares during the period. Creative Planning grew its holdings in shares of Electronic Arts by 5.3% during the third quarter. Creative Planning now owns 26,676 shares of the game software company's stock valued at $3,826,000 after buying an additional 1,351 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in Electronic Arts by 7.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 68,304 shares of the game software company's stock worth $9,798,000 after purchasing an additional 4,639 shares in the last quarter. nVerses Capital LLC purchased a new position in Electronic Arts during the 3rd quarter worth $186,000. Finally, Bleakley Financial Group LLC grew its position in Electronic Arts by 6.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 14,881 shares of the game software company's stock worth $2,135,000 after purchasing an additional 961 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Trading Up 0.8 %

Shares of Electronic Arts stock traded up $0.99 on Wednesday, hitting $129.34. The stock had a trading volume of 3,558,458 shares, compared to its average volume of 4,226,986. The stock's 50-day simple moving average is $138.27 and its two-hundred day simple moving average is $146.45. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 3.54 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data 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 net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.75 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed 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 yield of 0.59%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is currently 19.34%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the transaction, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the sale, the chief executive officer now owns 47,615 shares in the company, valued at approximately $7,047,020. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,500 shares of company stock worth $2,812,285. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup lowered their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Moffett Nathanson raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a report on Friday, January 31st. BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Roth Mkm lowered their target price on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Finally, DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and boosted their price target for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $154.55.

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.