Electronic Arts Inc. $EA Shares Sold by BDF Gestion

Key Points

• BDF Gestion has reduced its holdings in Electronic Arts Inc. by 9.8%, owning 28,873 shares worth approximately $4.6 million after selling 3,147 shares in the second quarter.
• Major institutional investors, including Ameriprise Financial and Goldman Sachs, have increased their stakes significantly in Electronic Arts during the first quarter, reflecting strong institutional interest.
• Electronic Arts announced a $0.19 quarterly dividend, resulting in an annualized dividend yield of 0.4%, and has a current payout ratio of 19.05%.

BDF Gestion lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,873 shares of the game software company's stock after selling 3,147 shares during the quarter. BDF Gestion's holdings in Electronic Arts were worth $4,611,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EA. MassMutual Private Wealth & Trust FSB grew its holdings in Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock valued at $323,000 after buying an additional 72 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in Electronic Arts by 15.0% during the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after buying an additional 73 shares in the last quarter. Bank of Jackson Hole Trust grew its holdings in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after buying an additional 75 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in Electronic Arts by 34.2% during the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock valued at $43,000 after buying an additional 76 shares in the last quarter. Finally, Clarius Group LLC grew its holdings in Electronic Arts by 3.6% during the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded up $0.80 during midday trading on Tuesday, reaching $174.22. 1,054,116 shares of the stock were exchanged, compared to its average volume of 3,389,077. The business's 50-day moving average price is $165.57 and its 200 day moving average price is $153.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $180.90. The company has a market capitalization of $43.59 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 2.63 and a beta of 0.75.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's payout ratio is 19.05%.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the sale, the insider owned 55,592 shares in the company, valued at approximately $9,544,590.48. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the completion of the transaction, the executive vice president owned 26,080 shares in the company, valued at $4,473,241.60. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,800 shares of company stock valued at $5,077,960. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on EA. UBS Group set a $167.00 price target on Electronic Arts and gave the company a "neutral" rating in a report on Friday, August 1st. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price objective on shares of Electronic Arts in a research note on Monday, August 25th. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the company an "equal weight" rating in a research note on Monday, July 28th. Arete raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective for the company in a research note on Tuesday, August 5th. Finally, Arete Research set a $192.00 price objective on Electronic Arts in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $167.40.

Electronic Arts Company 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.