Federation des caisses Desjardins du Quebec Has $1.50 Million Position in Electronic Arts Inc. $EA

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in Electronic Arts Inc. by 25.2%, selling 3,500 shares and retaining a total of 10,375 shares valued at $1.5 million.
• Insider sales included significant transactions by CEO Andrew Wilson and insider Laura Miele, who sold 5,000 and 2,500 shares respectively, suggesting potential shifts within the company's leadership.
• Research analysts have mostly rated Electronic Arts as a strong buy, with targets ranging from $160 to $192, indicating positive sentiment and expected growth.

Federation des caisses Desjardins du Quebec reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 25.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,375 shares of the game software company's stock after selling 3,500 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Electronic Arts were worth $1,500,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EA. Ameriprise Financial Inc. boosted its stake in Electronic Arts by 197.5% in the 1st quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock valued at $421,524,000 after purchasing an additional 1,936,313 shares during the period. Nuveen LLC bought a new stake in Electronic Arts in the 1st quarter valued at $203,537,000. Goldman Sachs Group Inc. boosted its stake in Electronic Arts by 62.7% in 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 purchasing an additional 1,254,194 shares during the period. ING Groep NV boosted its stake in Electronic Arts by 3,477.8% in 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 purchasing an additional 1,131,220 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Electronic Arts by 300.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,454,006 shares of the game software company's stock valued at $210,134,000 after purchasing an additional 1,090,769 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer owned 52,393 shares of the company's stock, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider directly owned 58,092 shares of the company's stock, valued at $9,032,725.08. This trade represents a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,900 shares of company stock worth $4,778,597 over the last 90 days. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Price Performance

NASDAQ EA traded up $1.28 during midday trading on Friday, hitting $171.17. The company had a trading volume of 434,058 shares, compared to its average volume of 3,390,865. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. 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 $42.83 billion, a PE ratio of 42.98, a P/E/G ratio of 2.20 and a beta of 0.75. The firm has a 50-day moving average price of $162.64 and a 200-day moving average price of $151.40.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is 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%.

Analyst Ratings Changes

Several analysts recently issued reports on EA shares. Roth Capital upgraded Electronic Arts from a "neutral" rating to a "buy" rating and boosted their price target for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. Citigroup reaffirmed a "neutral" rating and issued a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. UBS Group set a $167.00 price objective on Electronic Arts and gave the company a "neutral" rating in a report on Friday, August 1st. Argus set a $170.00 price objective on Electronic Arts in a report on Friday, May 16th. Finally, Robert W. Baird lifted their price objective on Electronic Arts from $168.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, Electronic Arts has an average rating of "Moderate Buy" and a consensus price target of $167.12.

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.