Caisse DE Depot ET Placement DU Quebec Purchases 314,388 Shares of Electronic Arts Inc. (NASDAQ:EA)

Caisse DE Depot ET Placement DU Quebec lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 8,503.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 318,085 shares of the game software company’s stock after acquiring an additional 314,388 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.12% of Electronic Arts worth $45,626,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its position in Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after buying an additional 97 shares in the last quarter. Comerica Bank increased its position in Electronic Arts by 12.8% during the 1st quarter. Comerica Bank now owns 51,562 shares of the game software company’s stock valued at $6,841,000 after buying an additional 5,849 shares in the last quarter. Cetera Investment Advisers increased its position in Electronic Arts by 54.7% during the 1st quarter. Cetera Investment Advisers now owns 23,967 shares of the game software company’s stock valued at $3,180,000 after buying an additional 8,477 shares in the last quarter. Cetera Advisors LLC boosted its stake in Electronic Arts by 192.5% during the 1st quarter. Cetera Advisors LLC now owns 7,550 shares of the game software company’s stock valued at $1,002,000 after purchasing an additional 4,969 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Electronic Arts by 39.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,080 shares of the game software company’s stock valued at $137,000 after purchasing an additional 304 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the sale, the insider now directly owns 30,190 shares in the company, valued at $4,579,823. The trade was a 3.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock valued at $3,073,520 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EA has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. UBS Group increased their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Roth Mkm increased their target price on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Argus increased their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird raised their price target on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Price Performance

NASDAQ EA opened at $163.67 on Friday. The company has a market capitalization of $42.93 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. 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 business’s fifty day moving average is $151.54 and its 200 day moving average is $145.01. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts’s dividend payout ratio is presently 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.