Zurcher Kantonalbank Zurich Cantonalbank Has $35.22 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Electronic Arts Inc. (NASDAQ:EA) by 302.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,406 shares of the game software company’s stock after buying an additional 193,498 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Electronic Arts were worth $35,216,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EA. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. Norges Bank bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $270,382,000. Morgan Stanley raised its holdings in shares of Electronic Arts by 62.1% in the 4th quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock worth $390,128,000 after purchasing an additional 1,223,195 shares during the period. Barclays PLC grew its stake in Electronic Arts by 265.0% in the 2nd quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock valued at $196,727,000 after buying an additional 1,101,229 shares in the last quarter. Finally, DNB Asset Management AS grew its stake in Electronic Arts by 82.3% in the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after buying an additional 1,064,022 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Wedbush reiterated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Stock Down 0.4 %

Shares of NASDAQ:EA opened at $126.55 on Wednesday. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The firm has a fifty day moving average of $135.49 and a 200 day moving average of $134.37. The firm has a market capitalization of $33.83 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm posted $2.29 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts anticipate that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total transaction of $347,200.00. Following the completion of the transaction, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at $4,295,558.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The disclosure for this sale can be found here. Insiders sold 36,144 shares of company stock valued at $5,015,350 over the last three months. Insiders own 0.20% of the company’s stock.

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.