Caisse Des Depots ET Consignations Trims Stake in Electronic Arts Inc. $EA

Caisse Des Depots ET Consignations reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 62.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,666 shares of the game software company’s stock after selling 17,621 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Electronic Arts were worth $2,151,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in shares of Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after buying an additional 1,300,336 shares in the last quarter. Acadian Asset Management LLC raised its stake in Electronic Arts by 176.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company’s stock worth $297,465,000 after acquiring an additional 1,189,455 shares during the period. State Street Corp lifted its holdings in Electronic Arts by 5.8% during the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after purchasing an additional 932,024 shares in the last quarter. Man Group plc boosted its position in shares of Electronic Arts by 165.5% in the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after purchasing an additional 797,461 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Electronic Arts by 50.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock worth $377,726,000 after purchasing an additional 791,978 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $202.24 on Thursday. The stock has a market cap of $50.61 billion, a price-to-earnings ratio of 76.03, a price-to-earnings-growth ratio of 2.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day moving average price of $203.59 and a 200-day moving average price of $191.90. Electronic Arts Inc. has a one year low of $128.02 and a one year high of $204.88.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Insider Activity

In related news, Director Jeff Huber sold 79,381 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $201.17, for a total value of $15,969,075.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $201.65, for a total transaction of $302,475.00. Following the completion of the sale, the chief financial officer directly owned 5,595 shares of the company’s stock, valued at approximately $1,128,231.75. The trade was a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 123,769 shares of company stock worth $24,943,734 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Argus set a $210.00 price target on Electronic Arts in a report on Thursday, October 30th. Morgan Stanley upped their price objective on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Finally, Benchmark reissued a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $186.95.

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.