Amundi Has $244.85 Million Stock Holdings in Electronic Arts Inc. $EA

Key Points

• Amundi has reduced its holdings in Electronic Arts Inc. by 43.5%, selling 1,300,380 shares and owning 1,690,349 shares valued at $244.8 million as of its latest SEC filing.
• Several institutional investors have increased their stakes in Electronic Arts recently, with notable increases of 42.4% by Captrust Financial Advisors and 9.4% by Brighton Jones LLC.
• Electronic Arts announced a quarterly dividend of $0.19 per share, with an annualized yield of 0.5%, to be paid on September 17th.

Amundi trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 43.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,690,349 shares of the game software company's stock after selling 1,300,380 shares during the period. Amundi owned approximately 0.65% of Electronic Arts worth $244,847,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EA. Putney Financial Group LLC purchased a new position in Electronic Arts during the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the first quarter worth about $28,000. Bank of Jackson Hole Trust lifted its stake in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after purchasing an additional 75 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Electronic Arts during the first quarter worth $39,000. Finally, American National Bank & Trust acquired a new position in shares of Electronic Arts during the 1st quarter valued at about $40,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Robert W. Baird raised their price target on shares of Electronic Arts from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Bank of America boosted their price objective on Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Argus set a $170.00 price target on Electronic Arts in a research note on Friday, May 16th. Finally, Arete Research set a $192.00 target price on shares of Electronic Arts in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and an average target price of $167.12.

Insiders Place Their Bets

In related news, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $174.65, for a total value of $209,580.00. Following the transaction, the executive vice president directly owned 27,248 shares in the company, valued at $4,758,863.20. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $172.26, for a total value of $206,712.00. Following the transaction, the insider owned 35,931 shares of the company's stock, valued at $6,189,474.06. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,900 shares of company stock valued at $4,778,597 over the last quarter. Company insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded up $3.08 on Wednesday, hitting $169.12. 800,208 shares of the company were exchanged, compared to its average volume of 3,401,608. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90. The firm has a market capitalization of $42.32 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 2.17 and a beta of 0.75. The company's 50 day moving average price is $162.09 and its two-hundred day moving average price is $151.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Announces Dividend

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

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.