National Bank of Canada FI Sells 334,571 Shares of Electronic Arts Inc. (NASDAQ:EA)

National Bank of Canada FI decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 62.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,977 shares of the game software company's stock after selling 334,571 shares during the quarter. National Bank of Canada FI owned about 0.08% of Electronic Arts worth $28,541,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EA. Huntington National Bank raised its holdings in shares of Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after acquiring an additional 234,098 shares during the period. Greenwood Capital Associates LLC acquired a new position in Electronic Arts during the third quarter worth $5,597,000. Dai ichi Life Insurance Company Ltd increased its position in shares of Electronic Arts by 20.8% during the 3rd 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 last quarter. Chesapeake Capital Corp IL acquired a new stake in Electronic Arts in the third quarter valued at $950,000. Finally, Czech National Bank increased its stake in shares of Electronic Arts by 8.3% during the 2nd quarter. Czech National Bank now owns 46,360 shares of the game software company's stock worth $6,459,000 after purchasing an additional 3,554 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares of the company's stock, valued at approximately $7,969,926.99. This represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $3,086,270. Company insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EA shares. UBS Group increased their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $160.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. DZ Bank raised 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 note on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

Electronic Arts Stock Performance

EA traded down $1.40 during trading hours on Monday, hitting $165.61. The stock had a trading volume of 1,098,810 shares, compared to its average volume of 2,036,531. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market cap of $43.43 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The company's fifty day simple moving average is $153.97 and its 200 day simple moving average is $146.56.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.46%. Electronic Arts's dividend payout ratio is currently 19.54%.

About Electronic Arts

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.