Electronic Arts Inc. $EA Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG boosted its position in Electronic Arts Inc. (NASDAQ:EAFree Report) by 6.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,157 shares of the game software company’s stock after purchasing an additional 2,779 shares during the period. Raiffeisen Bank International AG’s holdings in Electronic Arts were worth $8,922,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ballentine Partners LLC raised its holdings in shares of Electronic Arts by 1.2% during the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after acquiring an additional 59 shares during the period. Physician Wealth Advisors Inc. boosted its stake in shares of Electronic Arts by 5.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after buying an additional 59 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in shares of Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after acquiring an additional 67 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Electronic Arts by 20.5% in the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock worth $80,000 after acquiring an additional 68 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in shares of Electronic Arts by 1.4% during the third quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock worth $1,034,000 after acquiring an additional 71 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total transaction of $997,500.00. Following the transaction, the chief executive officer owned 33,858 shares in the company, valued at approximately $6,754,671. The trade was a 12.87% decrease in their position. 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 stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. The trade was a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,600 shares of company stock worth $5,589,823. Insiders own 0.24% of the company’s stock.

Electronic Arts Trading Up 0.3%

Electronic Arts stock opened at $200.40 on Friday. Electronic Arts Inc. has a 52 week low of $128.02 and a 52 week high of $204.88. 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 firm has a market capitalization of $50.15 billion, a PE ratio of 75.34, a PEG ratio of 2.41 and a beta of 0.74. The business’s 50-day simple moving average is $203.11 and its 200-day simple moving average is $193.88.

Electronic Arts Dividend Announcement

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

Electronic Arts News Roundup

Here are the key news stories impacting Electronic Arts this week:

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EA. Argus set a $210.00 target price on Electronic Arts in a research report on Thursday, October 30th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup decreased their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Benchmark restated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Finally, Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average target price of $186.95.

Check Out Our Latest Stock Report on EA

Electronic Arts Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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