Electronic Arts Inc. $EA Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 39.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,571 shares of the game software company’s stock after selling 10,048 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Electronic Arts were worth $2,487,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at $214,000. Focus Partners Advisor Solutions LLC acquired a new stake in Electronic Arts in the 1st quarter valued at $319,000. CCM Investment Group LLC acquired a new stake in Electronic Arts in the 1st quarter valued at $1,625,000. Sumitomo Mitsui Trust Group Inc. grew its stake in Electronic Arts by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after acquiring an additional 13,461 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in Electronic Arts by 4.6% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock valued at $13,944,000 after purchasing an additional 3,999 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday. Citigroup restated a “neutral” rating on shares of Electronic Arts in a report on Friday, September 26th. DA Davidson raised their price objective on Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, August 11th. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Arete upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective on the stock in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $177.00.

Electronic Arts Stock Down 0.2%

Shares of EA opened at $200.69 on Friday. The firm has a market cap of $50.21 billion, a P/E ratio of 50.30, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The company’s 50-day moving average price is $172.45 and its 200 day moving average price is $156.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s payout ratio is 19.05%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the transaction, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at $1,045,476. The trade was a 55.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the completion of the transaction, the insider directly owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. This represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock worth $7,247,635 in the last 90 days. Insiders own 0.24% of the company’s stock.

Electronic Arts Company Profile

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.