Caisse Des Depots ET Consignations Sells 17,621 Shares of Electronic Arts Inc. $EA

Caisse Des Depots ET Consignations lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 62.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,666 shares of the game software company’s stock after selling 17,621 shares during the period. Caisse Des Depots ET Consignations’ holdings in Electronic Arts were worth $2,151,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EA. Ballentine Partners LLC increased its position 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 worth $965,000 after acquiring an additional 59 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in shares of Electronic Arts by 5.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after purchasing an additional 59 shares during the period. Linden Thomas Advisory Services LLC grew its stake in Electronic Arts by 3.6% in the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after purchasing an additional 67 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after purchasing an additional 68 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Electronic Arts by 20.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock worth $80,000 after purchasing an additional 68 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $202.24 on Thursday. The company has a market capitalization of $50.61 billion, a PE ratio of 76.03, a P/E/G ratio of 2.44 and a beta of 0.74. The company has a 50-day simple moving average of $203.59 and a two-hundred day simple moving average of $191.90. Electronic Arts Inc. has a one year low of $128.02 and a one year 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.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their price target on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Citigroup lowered their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Benchmark reissued a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $186.95.

Insider Buying and Selling

In other Electronic Arts news, Director Jeff Huber sold 16,788 shares of Electronic Arts stock in a transaction on Friday, November 21st. The shares were sold at an average price of $200.72, for a total value of $3,369,687.36. Following the transaction, the director directly owned 1,980 shares of the company’s stock, valued at approximately $397,425.60. The trade was a 89.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $201.65, for a total value of $302,475.00. Following the transaction, the chief financial officer directly owned 5,595 shares in the company, valued at approximately $1,128,231.75. The trade was a 21.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 123,769 shares of company stock valued at $24,943,734 over the last quarter. Insiders own 0.24% of the company’s stock.

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.