Electronic Arts Inc. $EA Shares Sold by Financiere des Professionnels Fonds d investissement inc.

by · The Cerbat Gem

Financiere des Professionnels Fonds d investissement inc. trimmed its holdings in Electronic Arts Inc. (NASDAQ:EAFree Report) by 24.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,971 shares of the game software company’s stock after selling 6,620 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Electronic Arts were worth $4,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norden Group LLC purchased a new stake in shares of Electronic Arts in the second quarter valued at approximately $214,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Electronic Arts by 34.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after acquiring an additional 10,453 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Electronic Arts during the 1st quarter worth $319,000. Vest Financial LLC boosted its position in shares of Electronic Arts by 5.7% during the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after purchasing an additional 15,032 shares in the last quarter. Finally, Alta Advisers Ltd acquired a new position in shares of Electronic Arts during the 2nd quarter worth $205,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.0%

Shares of EA stock opened at $204.41 on Friday. The company has a market capitalization of $51.12 billion, a price-to-earnings ratio of 59.77, a PEG ratio of 2.41 and a beta of 0.73. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $202.49 and a 200 day moving average price of $181.96. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $204.88.

Electronic Arts (NASDAQ:EAGet Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. Research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is currently 22.22%.

Wall Street Analyst Weigh In

EA has been the subject of several recent analyst reports. HSBC cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective for the company. in a research note on Monday, September 29th. Wedbush reiterated a “neutral” rating and set a $200.00 price target on shares of Electronic Arts in a research report on Monday, September 29th. Morgan Stanley boosted their price target on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Robert W. Baird reaffirmed a “neutral” rating and issued a $210.00 price objective (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Baird R W cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $181.21.

Get Our Latest Stock Report on Electronic Arts

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $244,932.00. Following the completion of the sale, the insider owned 33,560 shares in the company, valued at $6,849,931.60. The trade was a 3.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $201.65, for a total transaction of $302,475.00. Following the transaction, the chief financial officer directly owned 5,595 shares of the company’s stock, valued at approximately $1,128,231.75. This represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 122,469 shares of company stock valued at $24,650,681. Corporate insiders own 0.24% of the company’s stock.

About Electronic Arts

(Free Report)

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.

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