Federation des caisses Desjardins du Quebec Sells 3,500 Shares of Electronic Arts Inc. $EA

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in Electronic Arts Inc. by 25.2%, selling 3,500 shares and retaining a total of 10,375 shares valued at $1.5 million.
• Insider sales included significant transactions by CEO Andrew Wilson and insider Laura Miele, who sold 5,000 and 2,500 shares respectively, suggesting potential shifts within the company's leadership.
• Research analysts have mostly rated Electronic Arts as a strong buy, with targets ranging from $160 to $192, indicating positive sentiment and expected growth.

Federation des caisses Desjardins du Quebec reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,375 shares of the game software company's stock after selling 3,500 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Electronic Arts were worth $1,500,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock worth $4,198,607,000 after acquiring an additional 150,438 shares during the period. Independent Franchise Partners LLP raised its position in shares of Electronic Arts by 2.3% in the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock worth $570,233,000 after acquiring an additional 88,767 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Electronic Arts by 15.6% in the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock valued at $539,563,000 after purchasing an additional 504,760 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Electronic Arts by 197.5% during the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock worth $421,524,000 after purchasing an additional 1,936,313 shares during the period. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $148.69, for a total value of $223,035.00. Following the sale, the executive vice president directly owned 29,948 shares of the company's stock, valued at approximately $4,452,968.12. The trade was a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the completion of the sale, the chief executive officer directly owned 52,393 shares in the company, valued at approximately $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,900 shares of company stock worth $4,778,597 over the last three months. Company insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush reiterated an "outperform" rating and issued a $210.00 price objective on shares of Electronic Arts in a research note on Monday, August 25th. UBS Group set a $167.00 price target on shares of Electronic Arts and gave the stock a "neutral" rating in a report on Friday, August 1st. Argus set a $170.00 price objective on shares of Electronic Arts in a report on Friday, May 16th. Arete Research set a $192.00 price objective on shares of Electronic Arts in a research report on Tuesday, August 5th. Finally, DA Davidson boosted their target price on Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.12.

Electronic Arts Stock Up 1.5%

Shares of EA stock traded up $2.49 during mid-day trading on Friday, reaching $172.38. 1,996,227 shares of the company's stock traded hands, compared to its average volume of 2,307,966. The company's 50-day moving average price is $162.98 and its 200-day moving average price is $151.68. The company has a market cap of $43.13 billion, a P/E ratio of 43.20, a P/E/G ratio of 2.19 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's dividend payout ratio is 19.05%.

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.