Unigestion Holding SA Grows Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Unigestion Holding SA increased its stake in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 384,427 shares of the game software company’s stock after purchasing an additional 92,959 shares during the period. Electronic Arts makes up 2.1% of Unigestion Holding SA’s investment portfolio, making the stock its 19th largest holding. Unigestion Holding SA’s holdings in Electronic Arts were worth $50,702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ETF Managers Group LLC raised its holdings in shares of Electronic Arts by 12.0% during the fourth quarter. ETF Managers Group LLC now owns 14,123 shares of the game software company’s stock valued at $1,899,000 after purchasing an additional 1,510 shares during the last quarter. Summit Global Investments increased its holdings in Electronic Arts by 0.5% during the fourth quarter. Summit Global Investments now owns 32,063 shares of the game software company’s stock valued at $4,229,000 after buying an additional 153 shares during the last quarter. Blair William & Co. IL increased its holdings in Electronic Arts by 53.0% during the fourth quarter. Blair William & Co. IL now owns 17,859 shares of the game software company’s stock valued at $2,356,000 after buying an additional 6,189 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $623,000. Finally, Alerus Financial NA increased its holdings in Electronic Arts by 181.7% during the fourth quarter. Alerus Financial NA now owns 41,377 shares of the game software company’s stock valued at $5,458,000 after buying an additional 26,688 shares during the last quarter. 89.28% of the stock is owned by hedge funds and other institutional investors.

EA has been the subject of a number of research reports. Robert W. Baird reduced their target price on shares of Electronic Arts from $165.00 to $140.00 in a report on Wednesday, May 11th. Raymond James reduced their target price on shares of Electronic Arts from $158.00 to $150.00 in a report on Wednesday, May 11th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and reduced their target price for the company from $151.00 to $141.00 in a report on Wednesday, May 11th. Wedbush dropped their price target on shares of Electronic Arts from $180.00 to $164.00 in a research report on Wednesday, May 11th. Finally, Stifel Nicolaus dropped their price target on shares of Electronic Arts from $165.00 to $155.00 in a research report on Thursday, April 21st. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Buy” and an average price target of $155.54.

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $130.55, for a total value of $104,440.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 10,000 shares of the stock in a transaction on Monday, February 28th. The shares were sold at an average price of $130.16, for a total transaction of $1,301,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 49,756 shares of company stock worth $6,313,906. Insiders own 0.65% of the company’s stock.

Electronic Arts stock traded up $1.33 during mid-day trading on Thursday, reaching $138.68. 1,683,613 shares of the company’s stock traded hands, compared to its average volume of 2,506,175. The company has a market cap of $39.00 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 2.10 and a beta of 0.83. The stock has a 50 day moving average of $125.08 and a two-hundred day moving average of $128.77. The company has a quick ratio of 1.20, a current ratio of 1.18 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $109.24 and a 12-month high of $148.93.

Electronic Arts (NASDAQ:EAGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The game software company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.22). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Electronic Arts had a net margin of 11.29% and a return on equity of 18.99%. Electronic Arts’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 5.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th will be paid a dividend of $0.19 per share. This is an increase from Electronic Arts’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts’s dividend payout ratio is presently 24.64%.

Electronic Arts Company Profile (Get Rating)

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 Plants vs.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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