Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Lessened by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 92.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,097 shares of the game software company's stock after selling 294,988 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Electronic Arts were worth $3,379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Swedbank AB lifted its position in Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after purchasing an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $217,000. Huntington National Bank boosted its position in shares of Electronic Arts by 31.4% during the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock worth $49,577,000 after buying an additional 80,968 shares during the period. Charles Schwab Investment Management Inc. increased its position in Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after acquiring an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD bought a new stake in Electronic Arts during the 4th quarter valued at $3,730,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Up 4.1 %

NASDAQ:EA opened at $151.10 on Monday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a market capitalization of $39.38 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 3.58 and a beta of 0.74. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The business's fifty day moving average price is $140.91 and its 200 day moving average price is $144.56.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, sell-side analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $145.56, for a total transaction of $145,560.00. Following the transaction, the insider now owns 25,216 shares in the company, valued at $3,670,440.96. This represents a 3.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,056,270 in the last ninety days. Corporate insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EA. Citigroup decreased their price target on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Morgan Stanley decreased their price objective on shares of Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Wedbush reissued an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of "Hold" and an average target price of $154.22.

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.

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