BDF Gestion Sells 7,860 Shares of Electronic Arts Inc. (NASDAQ:EA)

BDF Gestion trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,520 shares of the game software company’s stock after selling 7,860 shares during the period. Electronic Arts accounts for approximately 0.8% of BDF Gestion’s holdings, making the stock its 21st largest position. BDF Gestion’s holdings in Electronic Arts were worth $8,854,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EA. Baader Bank Aktiengesellschaft bought a new stake in shares of Electronic Arts during the 4th quarter worth $636,000. Swedbank AB lifted its position in Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in Electronic Arts by 2.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 124,052 shares of the game software company’s stock valued at $17,615,000 after acquiring an additional 3,138 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares during the last quarter. Finally, Stonegate Investment Group LLC increased its stake in shares of Electronic Arts by 25.3% in the fourth quarter. Stonegate Investment Group LLC now owns 1,939 shares of the game software company’s stock worth $284,000 after purchasing an additional 391 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.5 %

NASDAQ EA opened at $117.10 on Thursday. The stock’s 50-day moving average is $149.52 and its 200-day moving average is $148.30. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $30.71 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.87 and a beta of 0.80.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Benchmark restated a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. UBS Group increased their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Roth Mkm cut their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America lowered Electronic Arts from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $170.00 to $130.00 in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.05.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the transaction, the insider now directly owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock valued at $3,986,385 in the last 90 days. 0.22% of the stock is currently 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.