Union Bancaire Privee UBP SA Sells 372 Shares of Electronic Arts Inc. $EA

Union Bancaire Privee UBP SA lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 23.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,228 shares of the game software company’s stock after selling 372 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Electronic Arts were worth $194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Opal Wealth Advisors LLC bought a new stake in Electronic Arts in the 1st quarter valued at $28,000. Bank of Jackson Hole Trust increased its holdings in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares during the period. Wayfinding Financial LLC bought a new stake in Electronic Arts in the 1st quarter valued at $39,000. Costello Asset Management INC bought a new stake in Electronic Arts in the 1st quarter valued at $40,000. Finally, ORG Partners LLC increased its holdings in Electronic Arts by 47.6% in the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after buying an additional 81 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EA. Arete Research set a $192.00 price target on shares of Electronic Arts in a report on Tuesday, August 5th. Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and boosted their target price for the company from $200.00 to $210.00 in a research note on Tuesday. Bank of America boosted their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Argus boosted their target price on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $176.04.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider owned 58,092 shares in the company, valued at $9,032,725.08. This represents a 4.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the transaction, the executive vice president owned 28,448 shares in the company, valued at approximately $4,219,407.36. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,500 shares of company stock worth $6,743,160 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Down 0.0%

Shares of NASDAQ EA opened at $201.63 on Thursday. The firm’s 50-day simple moving average is $170.50 and its 200 day simple moving average is $155.76. The company has a market cap of $50.45 billion, a price-to-earnings ratio of 50.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 19.05%.

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.