Electronic Arts Inc. $EA Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 75.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 85,245 shares of the game software company’s stock after buying an additional 36,769 shares during the period. Swiss Life Asset Management Ltd’s holdings in Electronic Arts were worth $17,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. raised its stake in shares of Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Oakworth Capital Inc. acquired a new position in Electronic Arts during the 3rd quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Electronic Arts during the 2nd quarter valued at $37,000. Finally, Kilter Group LLC acquired a new stake in shares of Electronic Arts during the second quarter valued at about $42,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $188.30.

Electronic Arts Stock Up 0.0%

EA stock opened at $200.69 on Friday. The stock has a market cap of $50.22 billion, a PE ratio of 75.45, a price-to-earnings-growth ratio of 2.39 and a beta of 0.75. The firm’s 50-day simple moving average is $201.62 and its 200 day simple moving average is $197.71. Electronic Arts Inc. has a fifty-two week low of $131.15 and a fifty-two week high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s payout ratio is 28.57%.

Insiders Place Their Bets

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at $1,178,810.30. The trade was a 20.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the transaction, the insider owned 45,843 shares of the company’s stock, valued at $9,166,307.85. This trade represents a 5.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,600 shares of company stock valued at $5,553,319. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Company Profile

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.