BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stock Position in Electronic Arts Inc. (NASDAQ:EA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 28.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940,942 shares of the game software company’s stock after buying an additional 206,623 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Electronic Arts were worth $134,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Moran Wealth Management LLC raised its holdings in shares of Electronic Arts by 23.0% during the 3rd quarter. Moran Wealth Management LLC now owns 5,227 shares of the game software company’s stock valued at $750,000 after buying an additional 979 shares in the last quarter. Portfolio Design Labs LLC purchased a new stake in shares of Electronic Arts during the third quarter valued at approximately $3,026,000. First Horizon Advisors Inc. grew its holdings in shares of Electronic Arts by 4.0% in the third quarter. First Horizon Advisors Inc. now owns 94,841 shares of the game software company’s stock worth $13,604,000 after purchasing an additional 3,650 shares during the last quarter. Commerce Bank increased its stake in shares of Electronic Arts by 1.8% in the third quarter. Commerce Bank now owns 6,596 shares of the game software company’s stock worth $946,000 after buying an additional 116 shares during the period. Finally, West Family Investments Inc. raised its holdings in Electronic Arts by 6.3% during the 3rd quarter. West Family Investments Inc. now owns 2,635 shares of the game software company’s stock valued at $378,000 after buying an additional 156 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total value of $244,950.00. Following the transaction, the executive vice president now directly owns 23,360 shares of the company’s stock, valued at approximately $3,814,688. This trade represents a 6.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the transaction, the chief executive officer now directly owns 56,747 shares in the company, valued at $8,448,493.36. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,384 shares of company stock worth $3,944,285 over the last three months. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Raymond James boosted their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. UBS Group raised their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm upped their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Stock Up 0.3 %

Electronic Arts stock opened at $166.71 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $167.51. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 2.17 and a beta of 0.78. The stock has a fifty day simple moving average of $148.47 and a two-hundred day simple moving average of $143.32.

Electronic Arts Dividend Announcement

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

Electronic Arts 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.