Electronic Arts Inc. (NASDAQ:EA) Position Raised by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 775,085 shares of the game software company’s stock after purchasing an additional 146,707 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.30% of Electronic Arts worth $121,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after buying an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after acquiring an additional 81 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after acquiring an additional 82 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Up 2.4 %

Shares of NASDAQ:EA opened at $140.04 on Friday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm has a fifty day moving average price of $133.83 and a 200 day moving average price of $145.33. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $36.50 billion, a PE ratio of 35.63, a P/E/G ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the sale, the executive vice president now owns 24,886 shares in the company, valued at approximately $3,888,935.22. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,500 shares of company stock valued at $3,428,645. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. DA Davidson began coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price for the company. Stifel Nicolaus decreased their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Bank of America boosted their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Finally, BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $154.78.

About Electronic Arts

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.