GAM Holding AG Reduces Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

GAM Holding AG decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 67,205 shares of the game software company's stock after selling 5,452 shares during the period. GAM Holding AG's holdings in Electronic Arts were worth $9,832,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. grew its position in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the 3rd quarter worth approximately $36,000. Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after buying an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in shares of Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company's stock worth $55,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the company'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 completion of the sale, the chief executive officer now owns 47,615 shares of the company's stock, valued at $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now directly owns 28,216 shares of the company's stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,500 shares of company stock valued at $3,593,095. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EA shares. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. UBS Group lifted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Wedbush reiterated an "outperform" rating and issued a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Raymond James cut shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets lowered their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $154.55.

Electronic Arts Stock Performance

Shares of EA traded up $0.94 during trading hours on Friday, hitting $130.93. The stock had a trading volume of 4,866,189 shares, compared to its average volume of 4,233,704. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50-day moving average price of $137.09 and a 200 day moving average price of $146.24. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market capitalization of $34.12 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.54 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts anticipate that Electronic Arts Inc. will post 4.75 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's payout ratio is presently 19.34%.

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.