J. Safra Sarasin Holding AG Has $994,000 Holdings in Electronic Arts Inc. $EA

J. Safra Sarasin Holding AG decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 71.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,864 shares of the game software company’s stock after selling 12,284 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Electronic Arts were worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after buying an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after buying an additional 190 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Electronic Arts by 6.2% during the second quarter. Quadrant Capital Group LLC now owns 4,263 shares of the game software company’s stock valued at $681,000 after buying an additional 249 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Electronic Arts during the second quarter valued at about $70,348,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on EA. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup cut their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $188.30.

Electronic Arts Price Performance

EA opened at $203.58 on Thursday. Electronic Arts Inc. has a 1 year low of $131.15 and a 1 year high of $204.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $50.95 billion, a price-to-earnings ratio of 76.53, a P/E/G ratio of 2.43 and a beta of 0.73. The firm’s fifty day moving average price is $201.26 and its two-hundred day moving average price is $199.97.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is 28.57%.

Insider Activity

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the sale, the chief financial officer owned 5,897 shares in the company, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the transaction, the insider directly owned 45,843 shares in the company, valued at approximately $9,166,307.85. This represents a 5.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 27,600 shares of company stock valued at $5,553,319. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Profile

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.