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

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 371,001 shares of the game software company’s stock after purchasing an additional 4,964 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.14% of Electronic Arts worth $50,757,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EA. Vanguard Group Inc. lifted its stake in Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the last quarter. Invesco Ltd. lifted its stake in Electronic Arts by 7.8% in the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after buying an additional 301,194 shares during the last quarter. Morgan Stanley lifted its stake in Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after buying an additional 389,063 shares during the last quarter. Northern Trust Corp lifted its stake in Electronic Arts by 1.9% in the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock valued at $381,819,000 after buying an additional 60,359 shares during the last quarter. Finally, DNB Asset Management AS lifted its stake in Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after buying an additional 1,064,022 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Stifel Nicolaus upped their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Wedbush reaffirmed an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Tuesday. Finally, BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Trading Down 0.6 %

Shares of Electronic Arts stock traded down $0.83 during trading hours on Thursday, reaching $127.31. The stock had a trading volume of 1,221,251 shares, compared to its average volume of 2,006,941. The firm has a 50 day simple moving average of $133.67 and a two-hundred day simple moving average of $134.48. The firm has a market capitalization of $34.04 billion, a price-to-earnings ratio of 32.07, a P/E/G ratio of 1.76 and a beta of 0.76. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business earned $2.29 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.14%.

Insider Activity

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the sale, the insider now owns 18,426 shares in the company, valued at approximately $2,362,397.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares in the company, valued at approximately $3,941,904.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,644 shares of company stock worth $4,796,360. 0.20% of the stock is currently owned by corporate insiders.

Electronic Arts Company Profile

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.