Electronic Arts Inc. (NASDAQ:EA) Position Reduced by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,706 shares of the game software company's stock after selling 2,598 shares during the quarter. Vontobel Holding Ltd.'s holdings in Electronic Arts were worth $9,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EA. CWM LLC grew its position in Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company's stock worth $904,000 after purchasing an additional 95 shares during the last quarter. Creative Planning grew its position in Electronic Arts by 5.3% during the 3rd quarter. Creative Planning now owns 26,676 shares of the game software company's stock worth $3,826,000 after purchasing an additional 1,351 shares during the last quarter. nVerses Capital LLC purchased a new position in Electronic Arts during the 3rd quarter worth $186,000. Bleakley Financial Group LLC grew its position in Electronic Arts by 6.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 14,881 shares of the game software company's stock worth $2,135,000 after purchasing an additional 961 shares during the last quarter. Finally, Stonegate Investment Group LLC purchased a new position in Electronic Arts during the 3rd quarter worth $222,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Oppenheimer lowered their target price on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Robert W. Baird lowered their target price on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets lowered their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Finally, Argus lifted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $154.55.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the sale, the executive vice president now directly owns 24,886 shares of the company's stock, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the sale, the chief executive officer now directly owns 47,615 shares of the company's stock, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $2,812,285 over the last 90 days. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Trading Up 0.8 %

Shares of EA traded up $0.99 on Wednesday, hitting $129.34. 3,548,884 shares of the stock traded hands, compared to its average volume of 4,225,773. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $33.71 billion, a P/E ratio of 32.91, a P/E/G ratio of 3.54 and a beta of 0.79. The stock's 50 day moving average is $138.96 and its two-hundred day moving average is $146.57. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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, sell-side analysts predict that Electronic Arts Inc. will post 4.75 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's dividend payout ratio is currently 19.34%.

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.