Swiss National Bank Sells 40,300 Shares of Electronic Arts Inc. (NASDAQ:EA)

Swiss National Bank lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 709,000 shares of the game software company's stock after selling 40,300 shares during the period. Swiss National Bank owned 0.27% of Electronic Arts worth $103,727,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC boosted its holdings in shares of Electronic Arts by 31.8% during 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 in the last quarter. Claro Advisors LLC raised its position in Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after buying an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after purchasing an additional 76 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after buying an additional 81 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

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Electronic Arts Price Performance

EA traded up $0.10 during midday trading on Wednesday, hitting $141.97. The stock had a trading volume of 2,517,309 shares, compared to its average volume of 2,381,293. The company has a market cap of $37.00 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. 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 Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The business has a fifty day moving average of $132.75 and a 200 day moving average of $144.73.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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, equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's payout ratio is 19.34%.

Analysts Set New Price Targets

EA has been the subject of several recent research reports. Benchmark reduced their target price on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a report on Monday, January 27th. Roth Mkm cut their price target on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets reduced their target price on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $154.78.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now directly 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 at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the sale, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $3,194,240 in the last three months. 0.22% of the stock is owned by insiders.

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.