Electronic Arts Inc. $EA Position Lifted by Credit Industriel ET Commercial

Credit Industriel ET Commercial raised its position in Electronic Arts Inc. (NASDAQ:EA) by 284.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,785 shares of the game software company’s stock after buying an additional 33,885 shares during the quarter. Electronic Arts makes up approximately 0.7% of Credit Industriel ET Commercial’s portfolio, making the stock its 10th biggest position. Credit Industriel ET Commercial’s holdings in Electronic Arts were worth $9,334,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ascentis Independent Advisors purchased a new stake in Electronic Arts in the 1st quarter valued at $27,000. MV Capital Management Inc. purchased a new position in Electronic Arts during the 4th quarter worth $28,000. Ameriflex Group Inc. grew its position 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 purchasing an additional 69 shares during the last quarter. Asset Planning Inc acquired a new position in Electronic Arts in the first quarter valued at $32,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Electronic Arts in the fourth quarter valued at about $44,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Stock Performance

NASDAQ:EA opened at $205.86 on Tuesday. The firm’s fifty day simple moving average is $202.50 and its 200-day simple moving average is $202.47. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $51.62 billion, a PE ratio of 58.97, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. Electronic Arts Inc. has a fifty-two week low of $146.97 and a fifty-two week high of $206.00.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer owned 25,991 shares in the company, valued at $5,233,547.76. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jacob J. Schatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total value of $1,005,950.00. Following the completion of the transaction, the executive vice president directly owned 42,287 shares of the company’s stock, valued at $8,507,721.53. The trade was a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 39,906 shares of company stock worth $8,060,033. 0.24% of the stock is currently owned by company insiders.

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.