Caisse Des Depots ET Consignations Purchases Shares of 28,287 Electronic Arts Inc. (NASDAQ:EA)

Caisse Des Depots ET Consignations acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,287 shares of the game software company’s stock, valued at approximately $4,138,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Los Angeles Capital Management LLC increased its position in shares of Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after purchasing an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after buying an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after buying an additional 314,388 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Electronic Arts by 165.7% during the 4th quarter. Teacher Retirement System of Texas now owns 417,817 shares of the game software company’s stock worth $61,127,000 after acquiring an additional 260,567 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Electronic Arts during the 4th quarter worth $34,334,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $145.19 on Thursday. The business has a fifty day simple moving average of $132.92 and a 200-day simple moving average of $144.62. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a market cap of $37.84 billion, a P/E ratio of 36.94, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s payout ratio is 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the transaction, the insider now directly owns 47,514 shares in the company, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $3,018,560 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EA shares. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Friday, January 31st. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Ascendiant Capital Markets increased their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Benchmark lifted their price objective on Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a report on Monday. Finally, BMO Capital Markets cut their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $155.65.

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.