Bank Julius Baer & Co. Ltd Zurich Purchases 27,913 Shares of Electronic Arts Inc. (NASDAQ:EA)

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 802,998 shares of the game software company's stock after buying an additional 27,913 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.31% of Electronic Arts worth $125,764,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EA. Putney Financial Group LLC purchased a new position in Electronic Arts during the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the 1st quarter worth approximately $28,000. LGT Financial Advisors LLC purchased a new position in Electronic Arts during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC purchased a new position in Electronic Arts during the 4th quarter worth approximately $37,000. Finally, Wayfinding Financial LLC purchased a new position in Electronic Arts during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research report on Wednesday, May 7th. UBS Group lifted their price objective on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Oppenheimer lifted their price objective on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. Finally, Argus set a $170.00 price target on shares of Electronic Arts in a report on Friday, May 16th. Fourteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $162.71.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total value of $159,530.00. Following the sale, the insider owned 37,131 shares of the company's stock, valued at $5,923,508.43. The trade was a 2.62% 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, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $151.32, for a total transaction of $151,320.00. Following the completion of the sale, the chief financial officer directly owned 14,533 shares in the company, valued at approximately $2,199,133.56. The trade was a 6.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,729 shares of company stock valued at $4,822,884 over the last 90 days. Company insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded down $1.09 during trading hours on Thursday, reaching $152.64. 2,480,648 shares of the company traded hands, compared to its average volume of 3,506,956. The stock has a market cap of $38.35 billion, a P/E ratio of 36.00, a price-to-earnings-growth ratio of 2.13 and a beta of 0.73. The stock's fifty day moving average is $150.84 and its 200 day moving average is $142.70. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts's payout ratio is currently 17.92%.

About Electronic Arts

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.