Unigestion Holding SA Sells 40,268 Shares of Electronic Arts Inc. (NASDAQ:EA)

Unigestion Holding SA reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 15.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,444 shares of the game software company's stock after selling 40,268 shares during the period. Electronic Arts makes up about 1.5% of Unigestion Holding SA's investment portfolio, making the stock its 29th largest position. Unigestion Holding SA owned approximately 0.08% of Electronic Arts worth $31,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the 3rd quarter worth about $25,000. Family Firm Inc. purchased a new stake in shares of Electronic Arts in the second quarter worth approximately $33,000. Reston Wealth Management LLC purchased a new position in Electronic Arts during the third quarter valued at approximately $36,000. Gradient Investments LLC increased its stake in Electronic Arts by 592.1% in the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock valued at $37,000 after buying an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after buying an additional 166 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares of the company's stock, valued at $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $146.58, for a total transaction of $219,870.00. Following the completion of the transaction, the executive vice president now directly owns 26,360 shares in the company, valued at approximately $3,863,848.80. This represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $3,086,270 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EA has been the subject of a number of analyst reports. BNP Paribas upgraded shares of Electronic Arts to a "strong-buy" rating in a research note on Wednesday, October 9th. Argus upped their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. StockNews.com raised Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Benchmark restated a "buy" rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, UBS Group upped their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of "Moderate Buy" and a consensus price target of $165.37.

Electronic Arts Trading Down 0.8 %

NASDAQ:EA traded down $1.38 during mid-day trading on Wednesday, hitting $163.92. The company had a trading volume of 2,709,289 shares, compared to its average volume of 2,037,857. The firm has a market cap of $42.99 billion, a P/E ratio of 42.49, a P/E/G ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The business's fifty day moving average is $154.87 and its two-hundred day moving average is $147.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts's payout ratio is currently 19.54%.

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.