Electronic Arts Inc. $EA Shares Sold by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 62.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,959 shares of the game software company’s stock after selling 6,707 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Electronic Arts were worth $809,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. grew its position in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Electronic Arts in the 3rd quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $202.09 on Friday. Electronic Arts Inc. has a one year low of $141.19 and a one year high of $204.88. The company has a market cap of $50.57 billion, a PE ratio of 75.97, a P/E/G ratio of 2.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50-day simple moving average of $201.84 and a 200-day simple moving average of $202.17.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EA shares. Citigroup lowered their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $188.30.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the completion of the transaction, the insider directly owned 48,343 shares of the company’s stock, valued at $9,645,878.79. This represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $999,750.00. Following the completion of the transaction, the chief executive officer directly owned 28,858 shares of the company’s stock, valued at $5,770,157.10. This trade represents a 14.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 27,600 shares of company stock valued at $5,544,159. Corporate insiders own 0.24% of the company’s stock.

About Electronic Arts

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.