Swiss National Bank Sells 26,100 Shares of Electronic Arts Inc. (NASDAQ:EA)

Swiss National Bank lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 805,400 shares of the game software company’s stock after selling 26,100 shares during the quarter. Swiss National Bank’s holdings in Electronic Arts were worth $110,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. DNB Asset Management AS lifted its position in shares of 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 worth $322,494,000 after purchasing an additional 1,064,022 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in Electronic Arts during the third quarter worth $75,124,000. Assenagon Asset Management S.A. grew its position in Electronic Arts by 480.5% in the third quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock valued at $60,113,000 after purchasing an additional 413,276 shares in the last quarter. Finally, Morgan Stanley increased its stake in Electronic Arts by 13.0% in the 3rd 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. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Oppenheimer reissued an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Benchmark reaffirmed a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, UBS Group decreased their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.72.

Electronic Arts Trading Up 0.8 %

Shares of NASDAQ:EA opened at $129.56 on Friday. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The business has a 50 day moving average of $131.99 and a 200-day moving average of $134.43. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market cap of $34.64 billion, a PE ratio of 32.63, a P/E/G ratio of 1.73 and a beta of 0.78.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $139.08, for a total transaction of $111,264.00. Following the transaction, the insider now directly owns 27,883 shares of the company’s stock, valued at $3,877,967.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Luis A. Ubinas sold 4,872 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total transaction of $666,684.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the transaction, the insider now owns 27,883 shares in the company, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock worth $5,087,143 in the last ninety days. 0.20% of the stock is owned by company 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.