Unigestion Holding SA Sells 40,268 Shares of Electronic Arts Inc. (NASDAQ:EA)

Unigestion Holding SA lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,444 shares of the game software company’s stock after selling 40,268 shares during the quarter. Electronic Arts comprises about 1.5% of Unigestion Holding SA’s portfolio, making the stock its 29th largest position. Unigestion Holding SA owned 0.08% of Electronic Arts worth $31,188,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EA. TD Private Client Wealth LLC grew its position in Electronic Arts by 1.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,521 shares of the game software company’s stock valued at $935,000 after acquiring an additional 110 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Electronic Arts by 1.6% in the third quarter. Toronto Dominion Bank now owns 125,428 shares of the game software company’s stock worth $17,991,000 after purchasing an additional 1,957 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in Electronic Arts by 29.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,723 shares of the game software company’s stock worth $542,000 after buying an additional 838 shares during the period. Geode Capital Management LLC lifted its holdings in Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after buying an additional 26,505 shares in the last quarter. Finally, Sender Co & Partners Inc. purchased a new stake in Electronic Arts in the 3rd quarter valued at about $2,445,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Argus raised their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley reissued an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Robert W. Baird increased their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.37.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now owns 29,190 shares of the company’s stock, valued at approximately $4,181,175.60. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,000 shares of company stock valued at $3,086,270. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $165.30 on Wednesday. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $43.35 billion, a P/E ratio of 42.49, a PEG ratio of 2.18 and a beta of 0.79. The stock has a 50-day simple moving average of $154.87 and a two-hundred day simple moving average of $147.00.

Electronic Arts Dividend Announcement

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

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.