J. Safra Sarasin Holding AG Buys 136,230 Shares of Electronic Arts Inc. (NASDAQ:EA)

J. Safra Sarasin Holding AG raised its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 877.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,752 shares of the game software company's stock after buying an additional 136,230 shares during the period. J. Safra Sarasin Holding AG owned approximately 0.06% of Electronic Arts worth $22,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors raised its position in shares of Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock valued at $1,778,553,000 after acquiring an additional 605,796 shares in the last quarter. Geode Capital Management LLC increased its stake in Electronic Arts by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after purchasing an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Electronic Arts by 6.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after purchasing an additional 270,991 shares during the period. Invesco Ltd. lifted its position in shares of Electronic Arts by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after buying an additional 120,632 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Electronic Arts by 4.3% in the 4th quarter. Amundi now owns 2,990,729 shares of the game software company's stock valued at $431,315,000 after buying an additional 122,494 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup cut their target price on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Benchmark raised their price target on Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 24th. BMO Capital Markets lowered their price objective on 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. Robert W. Baird cut their target price on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Electronic Arts from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $154.00.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the transaction, the executive vice president now directly owns 19,033 shares in the company, valued at approximately $2,772,156.45. This represents a 7.31 % decrease in their ownership of the stock. The sale 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 firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,000 shares of company stock valued at $3,032,740. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Up 1.7 %

Shares of EA stock traded up $2.46 during trading on Thursday, hitting $146.19. 2,274,716 shares of the company were exchanged, compared to its average volume of 2,642,286. The business's 50-day simple moving average is $138.99 and its 200 day simple moving average is $144.44. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The firm has a market capitalization of $38.10 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced 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 net margin of 14.28% and a return on equity of 17.80%. As a group, analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio is 19.34%.

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.