Caisse Des Depots ET Consignations Makes New $4.14 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

Caisse Des Depots ET Consignations bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 28,287 shares of the game software company’s stock, valued at approximately $4,138,000.

Several other institutional investors and hedge funds have also made changes to their positions in EA. Great Valley Advisor Group Inc. lifted its holdings in Electronic Arts by 7.0% in the third quarter. Great Valley Advisor Group Inc. now owns 1,715 shares of the game software company’s stock worth $246,000 after acquiring an additional 112 shares during the last quarter. Cerity Partners LLC raised its position in shares of Electronic Arts by 46.9% during the 3rd quarter. Cerity Partners LLC now owns 29,177 shares of the game software company’s stock worth $4,185,000 after purchasing an additional 9,310 shares during the period. Larson Financial Group LLC boosted its position in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Independent Advisor Alliance grew its stake in Electronic Arts by 10.6% during the 3rd quarter. Independent Advisor Alliance now owns 7,544 shares of the game software company’s stock worth $1,082,000 after buying an additional 725 shares during the last quarter. Finally, Hancock Whitney Corp increased its position in Electronic Arts by 1.3% in the third quarter. Hancock Whitney Corp now owns 8,736 shares of the game software company’s stock worth $1,253,000 after buying an additional 115 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of EA opened at $145.19 on Thursday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $37.84 billion, a PE ratio of 36.94, a PEG ratio of 3.58 and a beta of 0.78. The company’s 50 day moving average price is $132.92 and its 200 day moving average price is $144.62.

Electronic Arts (NASDAQ:EA) last posted its earnings results 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%. Research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is 19.34%.

Analyst Ratings Changes

Several brokerages have commented on EA. DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target on the stock. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. BMO Capital Markets cut their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Roth Mkm decreased their target price 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, BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average target price of $155.65.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the 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. This represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,000 shares of company stock valued at $3,018,560. Company insiders own 0.22% of the company’s stock.

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.