Bank Julius Baer & Co. Ltd Zurich Lowers Position in Electronic Arts Inc. $EA

Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 92.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 39,905 shares of the game software company’s stock after selling 467,387 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Electronic Arts were worth $8,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. raised its position 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 worth $28,000 after acquiring an additional 69 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts during the third quarter valued at approximately $30,000. Geneos Wealth Management Inc. boosted its position in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after purchasing an additional 190 shares in the last quarter. Salomon & Ludwin LLC boosted its position in shares of Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after purchasing an additional 57 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in Electronic Arts in the third quarter worth $50,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EA. Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $196.64.

Insider Activity

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total transaction of $508,025.00. Following the sale, the insider owned 43,343 shares in the company, valued at $8,807,731.03. This represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer directly owned 5,897 shares of the company’s stock, valued at $1,178,810.30. This trade represents a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,600 shares of company stock valued at $5,544,159 in the last quarter. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Up 0.3%

NASDAQ EA opened at $200.78 on Friday. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $201.78 and its 200-day moving average price is $202.20. The stock has a market cap of $50.35 billion, a P/E ratio of 57.53, a P/E/G ratio of 2.15 and a beta of 0.66.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is 21.78%.

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.