Banque Cantonale Vaudoise Cuts Position in Electronic Arts Inc. $EA

Banque Cantonale Vaudoise decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 60.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,350 shares of the game software company’s stock after selling 11,237 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Electronic Arts were worth $1,502,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares during the period. Empowered Funds LLC raised its stake in shares of Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after purchasing an additional 12,076 shares during the period. Geneos Wealth Management Inc. raised its stake 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 during the period. Jump Financial LLC purchased a new stake in shares of Electronic Arts during the second quarter valued at approximately $2,323,000. Finally, NewEdge Advisors LLC raised its stake in shares of Electronic Arts by 96.4% during the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after purchasing an additional 1,505 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of a number of analyst reports. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Citigroup lifted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $196.64.

Electronic Arts Stock Up 0.1%

EA stock opened at $201.87 on Friday. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $50.62 billion, a P/E ratio of 57.84, a PEG ratio of 2.22 and a beta of 0.66. The firm has a 50 day simple moving average of $201.93 and a 200-day simple moving average of $202.24.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the sale, the insider owned 40,843 shares of the company’s stock, valued at approximately $8,190,655.22. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 2,240 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $201.11, for a total transaction of $450,486.40. Following the sale, the chief executive officer directly owned 39,951 shares of the company’s stock, valued at $8,034,545.61. The trade was a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,340 shares of company stock valued at $5,702,736. 0.24% of the stock is currently owned by corporate insiders.

About Electronic Arts

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.