Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,706 shares of the game software company’s stock after selling 2,598 shares during the quarter. Vontobel Holding Ltd.’s holdings in Electronic Arts were worth $9,613,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% in the 4th 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. Reston Wealth Management LLC acquired a new position in Electronic Arts in the 3rd quarter worth approximately $36,000. Larson Financial Group LLC boosted its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. boosted its stake in Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EA shares. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, Wedbush reissued an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and an average target price of $155.24.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,500 shares of company stock worth $3,644,635. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

Shares of EA opened at $129.40 on Friday. The company has a market capitalization of $33.72 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.43. The company’s fifty day moving average price is $140.43 and its 200 day moving average price is $146.88.

Electronic Arts (NASDAQ:EA) last announced 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%. As a group, analysts expect that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s payout ratio is 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.