Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Unigestion Holding SA

Unigestion Holding SA decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 21.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,402 shares of the game software company’s stock after selling 47,042 shares during the quarter. Electronic Arts comprises about 1.4% of Unigestion Holding SA’s investment portfolio, making the stock its 27th biggest position. Unigestion Holding SA owned about 0.07% of Electronic Arts worth $24,930,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Pinnacle Bancorp Inc. raised its stake in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at $32,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts in the 4th quarter worth $41,000. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the transaction, the chief executive officer now owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares of the company’s stock, valued at $1,238,126.76. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,015,990 over the last quarter. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EA. Ascendiant Capital Markets raised their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Robert W. Baird cut their price target 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. Citigroup reduced their price target on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Roth Mkm dropped their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, Oppenheimer reduced 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. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $155.30.

Electronic Arts Stock Down 6.6 %

Shares of Electronic Arts stock opened at $135.34 on Friday. The business has a 50-day moving average price of $134.10 and a 200 day moving average price of $144.57. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market cap of $35.27 billion, a P/E ratio of 34.44, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly 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%. On average, sell-side analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

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.