Electronic Arts Inc. (NASDAQ:EA) Shares Sold by GAM Holding AG

GAM Holding AG cut its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 10.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,491 shares of the game software company's stock after selling 6,714 shares during the period. GAM Holding AG's holdings in Electronic Arts were worth $8,742,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nomura Holdings Inc. raised its stake in Electronic Arts by 11.7% in the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after acquiring an additional 3,259 shares during the period. Huntington National Bank raised its stake in Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after acquiring an additional 80,968 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after buying an additional 36,153 shares during the period. Fisher Funds Management LTD purchased a new position in shares of Electronic Arts during the fourth quarter worth about $3,730,000. Finally, Amundi grew its holdings in shares of Electronic Arts by 4.3% during the fourth quarter. Amundi now owns 2,990,729 shares of the game software company's stock worth $431,315,000 after purchasing an additional 122,494 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Price Performance

Shares of EA traded down $0.44 during mid-day trading on Friday, hitting $150.56. 6,574,487 shares of the stock were exchanged, compared to its average volume of 2,784,565. The company has a market cap of $37.76 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a 50-day moving average of $148.19 and a two-hundred day moving average of $142.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now owns 40,189 shares of the company's stock, valued at $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,229 shares of company stock valued at $3,618,199. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EA shares. The Goldman Sachs Group raised their price target on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Morgan Stanley lifted their price objective on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Finally, Moffett Nathanson reiterated a "neutral" rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $161.88.

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.