Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in Electronic Arts Inc. (NASDAQ:EA)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 315,447 shares of the game software company's stock after selling 5,090 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.12% of Electronic Arts worth $46,150,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Atria Investments Inc lifted its stake in Electronic Arts by 86.5% in the third quarter. Atria Investments Inc now owns 12,362 shares of the game software company's stock worth $1,773,000 after acquiring an additional 5,733 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Electronic Arts in the third quarter worth about $40,154,000. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the third quarter worth about $25,000. Chartwell Investment Partners LLC lifted its stake in Electronic Arts by 20.1% in the third quarter. Chartwell Investment Partners LLC now owns 54,953 shares of the game software company's stock worth $7,882,000 after acquiring an additional 9,209 shares during the period. Finally, Catalytic Wealth RIA LLC purchased a new stake in Electronic Arts in the third quarter worth about $397,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now owns 47,615 shares in the company, valued at $7,047,020. This trade represents a 9.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,500 shares of company stock worth $3,428,645. Corporate insiders own 0.22% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently weighed in on EA shares. Raymond James lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Oppenheimer reduced their target price on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, 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 report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus price target of $154.78.

Electronic Arts Stock Performance

Electronic Arts stock traded down $2.55 during mid-day trading on Tuesday, hitting $137.88. The company had a trading volume of 3,837,188 shares, compared to its average volume of 4,405,302. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company's fifty day moving average is $133.37 and its 200-day moving average is $145.09. The company has a market capitalization of $35.93 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data 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 return on equity of 17.80% and a net margin of 14.28%. Equities research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.55%. Electronic Arts's dividend payout ratio is presently 19.34%.

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.