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

Unigestion Holding SA cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 15.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 217,444 shares of the game software company’s stock after selling 40,268 shares during the quarter. Electronic Arts comprises approximately 1.5% of Unigestion Holding SA’s investment portfolio, making the stock its 29th biggest position. Unigestion Holding SA’s holdings in Electronic Arts were worth $31,188,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts during the 3rd quarter worth $25,000. Family Firm Inc. acquired a new position in Electronic Arts in the second quarter valued at about $33,000. Reston Wealth Management LLC purchased a new position in Electronic Arts during the third quarter worth about $36,000. Gradient Investments LLC increased its position in shares of Electronic Arts by 592.1% during the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after acquiring an additional 225 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its stake in shares of 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 valued at $39,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the sale, the executive vice president now directly owns 26,360 shares of the company’s stock, valued at approximately $3,863,848.80. The trade was a 5.38 % 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 firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares in the company, valued at $7,675,950.50. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $3,086,270 over the last three months. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Benchmark reissued a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Robert W. Baird increased their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Eight investment 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Trading Down 0.2 %

NASDAQ:EA opened at $165.30 on Wednesday. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The stock has a market cap of $43.35 billion, a P/E ratio of 42.49, a P/E/G ratio of 2.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50-day simple moving average of $154.87 and a 200-day simple moving average of $147.00.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued 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 dividend payout ratio (DPR) is 19.54%.

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.