Candriam S.C.A. Has $8.37 Million Stake in Electronic Arts Inc. $EA

Key Points

• Candriam S.C.A. reduced its stake in Electronic Arts by 3.7%, now holding 57,903 shares worth approximately $8.37 million after selling 2,227 shares.
• Institutional investors control 90.23% of Electronic Arts' stock, with notable stake increases from firms like Nuveen LLC and Goldman Sachs Group Inc.
• Electronic Arts has recently announced a $0.19 quarterly dividend to be paid on September 17th, reflecting a 0.4% dividend yield.

Candriam S.C.A. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,903 shares of the game software company's stock after selling 2,227 shares during the quarter. Candriam S.C.A.'s holdings in Electronic Arts were worth $8,368,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EA. Nuveen LLC acquired a new stake in shares of Electronic Arts during the 1st quarter valued at $203,537,000. Goldman Sachs Group Inc. boosted its holdings in shares of Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after acquiring an additional 1,254,194 shares in the last quarter. ING Groep NV boosted its holdings in shares of Electronic Arts by 3,477.8% during the 1st quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock valued at $168,185,000 after acquiring an additional 1,131,220 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Electronic Arts by 689.3% during 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 acquiring an additional 1,081,589 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Electronic Arts by 1,366.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,118,685 shares of the game software company's stock valued at $161,672,000 after acquiring an additional 1,042,407 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total transaction of $171,060.00. Following the completion of the sale, the chief financial officer directly owned 15,140 shares of the company's stock, valued at approximately $2,589,848.40. This trade represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the sale, the insider directly owned 58,092 shares of the company's stock, valued at $9,032,725.08. The trade was a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,200 shares of company stock valued at $4,142,660. Corporate insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

EA has been the topic of several recent research reports. TD Cowen raised their price objective on Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Bank of America lifted their target price on Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Arete raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 target price on the stock in a report on Tuesday, August 5th. Finally, Oppenheimer lifted their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company's stock. According to MarketBeat, Electronic Arts has an average rating of "Moderate Buy" and a consensus target price of $167.12.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $171.55 on Friday. The company has a market cap of $42.92 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $180.90. The business has a 50 day moving average price of $157.95 and a 200-day moving average price of $147.23. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio is 19.05%.

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.

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