Union Bancaire Privee UBP SA Buys Shares of 1,360 Electronic Arts Inc. (NASDAQ:EA)

Union Bancaire Privee UBP SA bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,360 shares of the game software company’s stock, valued at approximately $199,000.

A number of other large investors have also recently made changes to their positions in EA. Swedbank AB grew its stake in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Electronic Arts during the 4th quarter valued at $217,000. Huntington National Bank increased its holdings in shares of Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Electronic Arts in the fourth quarter worth $13,845,000. Finally, Dai ichi Life Insurance Company Ltd boosted its stake in Electronic Arts by 20.8% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after buying an additional 11,058 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Down 1.7 %

Shares of Electronic Arts stock opened at $131.73 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company’s 50 day moving average price is $136.18 and its 200-day moving average price is $146.06. The stock has a market capitalization of $34.33 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,500 shares of company stock valued at $3,593,095 in the last 90 days. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Roth Mkm decreased their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Bank of America upped their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Oppenheimer dropped their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. BMO Capital Markets decreased their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, DA Davidson assumed coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $154.55.

About Electronic Arts

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.