BDF Gestion Lowers Holdings in Electronic Arts Inc. (NASDAQ:EA)

BDF Gestion lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 47.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,020 shares of the game software company's stock after selling 28,500 shares during the quarter. BDF Gestion's holdings in Electronic Arts were worth $4,628,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EA. Assenagon Asset Management S.A. raised its position in shares of Electronic Arts by 689.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,238,496 shares of the game software company's stock valued at $178,987,000 after purchasing an additional 1,081,589 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock valued at $185,692,000 after buying an additional 989,319 shares in the last quarter. FMR LLC boosted its stake in Electronic Arts by 224.8% during the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after buying an additional 835,985 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Electronic Arts by 130.0% in the 4th quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company's stock valued at $175,758,000 after purchasing an additional 679,032 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Electronic Arts by 11,587.9% in the 1st quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock worth $96,737,000 after acquiring an additional 663,640 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

EA has been the topic of several recent analyst reports. Oppenheimer lifted their price target on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. TD Cowen raised their price objective on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. UBS Group lifted their target price on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Roth Capital reissued a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and an average target price of $161.88.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares in the company, valued at approximately $4,647,637.50. This trade represents a 13.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the completion of the transaction, the executive vice president now directly owns 19,033 shares of the company's stock, valued at $2,772,156.45. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,729 shares of company stock valued at $4,107,664. 0.22% of the stock is currently owned by insiders.

Electronic Arts Price Performance

NASDAQ:EA opened at $148.48 on Monday. The stock has a market cap of $37.23 billion, a P/E ratio of 37.78, a PEG ratio of 3.58 and a beta of 0.71. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a fifty day moving average price of $146.88 and a 200 day moving average price of $143.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

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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