8,814 Shares in Electronic Arts Inc. $EA Acquired by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the 1st quarter, HoldingsChannel.com reports. The fund bought 8,814 shares of the game software company’s stock, valued at approximately $1,797,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in shares of Electronic Arts during the first quarter worth approximately $27,000. MV Capital Management Inc. bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $28,000. Asset Planning Inc purchased a new stake in shares of Electronic Arts in the 1st quarter valued at $32,000. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the 1st quarter valued at $32,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Electronic Arts during the 4th quarter valued at $44,000. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the transaction, the insider owned 73,513 shares in the company, valued at $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 31,206 shares of company stock worth $6,292,058. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EA has been the subject of several recent research reports. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup boosted their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $198.85.

Electronic Arts Stock Performance

NASDAQ:EA opened at $209.07 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $204.41 and its 200 day simple moving average is $202.83. The stock has a market cap of $52.42 billion, a P/E ratio of 59.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. Electronic Arts Inc. has a twelve month low of $146.97 and a twelve month high of $209.34.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

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.