Groupama Asset Managment Sells 9,255 Shares of Electronic Arts Inc. $EA

Groupama Asset Managment decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 88.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,226 shares of the game software company’s stock after selling 9,255 shares during the period. Groupama Asset Managment’s holdings in Electronic Arts were worth $247,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ameriflex Group Inc. raised its stake in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares during the period. Oakworth Capital Inc. acquired a new position in Electronic Arts in the third quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter worth about $37,000. Finally, Kilter Group LLC bought a new stake in shares of Electronic Arts in the second quarter worth about $42,000. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, 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 value of $499,875.00. Following the sale, the insider owned 45,843 shares of the company’s stock, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.26, for a total value of $1,021,300.00. Following the completion of the sale, the chief executive officer owned 38,858 shares in the company, valued at $7,937,135.08. The trade was a 11.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,600 shares of company stock valued at $5,553,319 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EA shares. Citigroup dropped their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $188.30.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $200.51 on Friday. The company has a fifty day moving average price of $201.55 and a 200 day moving average price of $198.09. The firm has a market cap of $50.18 billion, a PE ratio of 75.38, a PEG ratio of 2.39 and a beta of 0.75. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1-year low of $131.15 and a 1-year high of $204.88.

Electronic Arts Dividend Announcement

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

Electronic Arts Company 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.