Caisse Des Depots ET Consignations Trims Position in Electronic Arts Inc. $EA

Key Points

• Caisse Des Depots ET Consignations reduced its stake in Electronic Arts by 62.9% in Q4, selling 6,707 shares and ending the period with 3,959 shares worth about $809,000.
• Analysts maintain a consensus Hold on EA with an average price target of $188.30, while Citigroup trimmed its target to $202 and UBS reiterated a neutral rating.
• Insider selling was notable in April—CEO Andrew Wilson sold 5,000 shares—and insiders sold 27,600 shares worth $5.54 million in the quarter, leaving corporate insiders with just 0.24% ownership.

Caisse Des Depots ET Consignations lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 62.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,959 shares of the game software company's stock after selling 6,707 shares during the period. Caisse Des Depots ET Consignations' holdings in Electronic Arts were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company's stock worth $5,879,205,000 after acquiring an additional 485,030 shares during the period. Pentwater Capital Management LP purchased a new position in shares of Electronic Arts during the 3rd quarter worth $968,160,000. Ameriprise Financial Inc. raised its holdings in shares of Electronic Arts by 8.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company's stock worth $926,194,000 after acquiring an additional 374,840 shares during the period. Invesco Ltd. raised its holdings in shares of Electronic Arts by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company's stock worth $870,328,000 after acquiring an additional 202,657 shares during the period. Finally, First Trust Advisors LP raised its holdings in Electronic Arts by 26.3% in the 3rd quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company's stock valued at $619,127,000 after buying an additional 638,667 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EA. Citigroup reduced their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a report on Wednesday, February 4th. UBS Group restated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and an average price target of $188.30.

Electronic Arts Stock Down 0.1%

Shares of EA opened at $202.09 on Friday. The firm has a market cap of $50.57 billion, a P/E ratio of 75.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.73. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88. The company's 50-day moving average price is $201.84 and its 200 day moving average price is $202.17. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total value of $243,900.00. Following the completion of the transaction, the insider directly owned 28,760 shares of the company's stock, valued at $5,845,470. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total value of $1,016,050.00. Following the completion of the transaction, the chief executive officer directly owned 23,858 shares of the company's stock, valued at approximately $4,848,184.18. This represents a 17.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,600 shares of company stock valued at $5,544,159 in the last quarter. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Profile

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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