Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 209,778 shares of the game software company’s stock after acquiring an additional 1,709 shares during the quarter. Bank Pictet & Cie Europe AG owned about 0.08% of Electronic Arts worth $30,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EA. Vanguard Group Inc. grew its holdings in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Electronic Arts by 496.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after buying an additional 2,090,504 shares during the last quarter. Swedbank AB acquired a new position in Electronic Arts during the first quarter worth approximately $201,935,000. Jericho Capital Asset Management L.P. acquired a new position in Electronic Arts during the first quarter worth approximately $189,055,000. Finally, Manning & Napier Advisors LLC purchased a new stake in Electronic Arts in the second quarter valued at approximately $188,159,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective on the stock. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. boosted their price target on Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Thursday, September 19th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $145.72 on Wednesday. The firm has a market capitalization of $38.72 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50 day simple moving average is $145.14 and its 200-day simple moving average is $139.33. Electronic Arts Inc. has a 12 month low of $119.92 and a 12 month high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, equities analysts forecast that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This trade represents a 0.00 % 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 2,500 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total transaction of $356,050.00. Following the completion of the transaction, the chief executive officer now directly owns 59,247 shares of the company’s stock, valued at approximately $8,437,957.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock worth $3,643,785 over the last ninety days. 0.22% of the stock is currently 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.