Pictet Asset Management Holding SA Acquires 12,563 Shares of Electronic Arts Inc. (NASDAQ:EA)

Pictet Asset Management Holding SA lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 387,666 shares of the game software company’s stock after purchasing an additional 12,563 shares during the period. Pictet Asset Management Holding SA owned about 0.15% of Electronic Arts worth $56,716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Los Angeles Capital Management LLC grew its stake in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after purchasing an additional 989,319 shares during the last quarter. Norges Bank purchased a new position in shares of Electronic Arts in the 4th quarter worth approximately $96,698,000. Robeco Institutional Asset Management B.V. grew its position in shares of Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after buying an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after acquiring an additional 314,388 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Electronic Arts by 165.7% during the fourth quarter. Teacher Retirement System of Texas now owns 417,817 shares of the game software company’s stock valued at $61,127,000 after acquiring an additional 260,567 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EA. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Citigroup reduced their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Robert W. Baird dropped their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Finally, DA Davidson started coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus target price of $155.65.

Electronic Arts Stock Performance

NASDAQ EA opened at $144.25 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s 50 day simple moving average is $133.05 and its 200-day simple moving average is $144.63. The company has a market cap of $37.59 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the transaction, the insider now owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,000 shares of company stock worth $3,018,560. Insiders own 0.22% of the company’s stock.

Electronic Arts 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.