Banque Cantonale Vaudoise Sells 5,662 Shares of Electronic Arts Inc. (NASDAQ:EA)

Banque Cantonale Vaudoise trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 15.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,428 shares of the game software company’s stock after selling 5,662 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Electronic Arts were worth $4,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EA. Price T Rowe Associates Inc. MD boosted its position in shares of Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after buying an additional 2,090,504 shares during the period. Swedbank AB bought a new stake in shares of Electronic Arts during the 1st quarter worth approximately $201,935,000. Jericho Capital Asset Management L.P. purchased a new position in Electronic Arts during the 1st quarter valued at $189,055,000. Manning & Napier Advisors LLC bought a new position in Electronic Arts in the 2nd quarter valued at $188,159,000. Finally, Capital International Investors grew its position in Electronic Arts by 16.4% in the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after acquiring an additional 833,492 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the sale, the executive vice president now directly owns 23,360 shares in the company, valued at approximately $3,814,688. This trade represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,384 shares of company stock worth $3,944,285. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

EA has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. UBS Group upped their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Roth Mkm upped their price objective on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Raymond James upped their price objective on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Price Performance

Shares of EA stock opened at $166.13 on Wednesday. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $166.40. The stock’s 50-day moving average is $148.01 and its 200 day moving average is $143.16. The company has a market cap of $43.57 billion, a P/E ratio of 42.71, a PEG ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

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.