Electronic Arts Inc. $EA Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. has reduced its holdings in Electronic Arts Inc. by 27% during the second quarter, now owning 17,998 shares valued at approximately $2.87 million.
• The company recently declared a quarterly dividend of $0.19 per share, reflecting an annual dividend yield of 0.4% and a payout ratio of 19.05%.
• Analysts have given mixed ratings on EA shares, with target prices ranging from $168.00 to $210.00, and a consensus rating of "Hold."

Vontobel Holding Ltd. decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 27.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,998 shares of the game software company's stock after selling 6,673 shares during the period. Vontobel Holding Ltd.'s holdings in Electronic Arts were worth $2,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Electronic Arts by 3.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock valued at $323,000 after purchasing an additional 72 shares during the period. Bank of Jackson Hole Trust grew its position 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 valued at $30,000 after buying an additional 75 shares during the last quarter. Financial Management Professionals Inc. grew its position in Electronic Arts by 13.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company's stock valued at $102,000 after buying an additional 76 shares during the last quarter. Clarius Group LLC grew its position in Electronic Arts by 3.6% in 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 during the last quarter. Finally, Conning Inc. lifted its stake in shares of Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company's stock worth $253,000 after acquiring an additional 78 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $200.01 on Friday. The business's 50 day simple moving average is $177.15 and its 200-day simple moving average is $158.60. The firm has a market capitalization of $50.05 billion, a price-to-earnings ratio of 50.13, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. 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 12 month low of $115.21 and a 12 month high of $203.75.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a $0.19 dividend. 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 dividend payout ratio (DPR) is currently 19.05%.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $148.32, for a total value of $222,480.00. Following the sale, the executive vice president directly owned 28,448 shares of the company's stock, valued at approximately $4,219,407.36. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart Canfield sold 6,500 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares in the company, valued at approximately $1,045,476. The trade was a 55.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,000 shares of company stock worth $7,247,635. Corporate insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EA shares. Argus raised their target price on shares of Electronic Arts from $180.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, September 30th. TD Cowen cut shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Electronic Arts in a research report on Wednesday. Hsbc Global Res cut Electronic Arts from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the company an "equal weight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $177.00.

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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