Raiffeisen Bank International AG Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Raiffeisen Bank International AG bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, Holdings Channel.com reports. The fund bought 37,028 shares of the game software company’s stock, valued at approximately $5,426,000.

A number of other large investors have also recently made changes to their positions in EA. Pinnacle Bancorp Inc. raised its holdings in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $32,000. LGT Financial Advisors LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $33,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $37,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $41,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group increased their price target on shares of Electronic Arts from $135.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Oppenheimer increased their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research report on Monday, January 27th. Finally, StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $161.83.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now owns 32,615 shares of the company’s stock, valued at $4,647,637.50. This trade represents a 13.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the sale, the chief financial officer now directly owns 9,516 shares in the company, valued at $1,238,126.76. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,500 shares of company stock worth $3,342,580. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $149.57 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company’s 50 day moving average is $144.23 and its 200 day moving average is $145.01. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.98 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is presently 17.92%.

About Electronic Arts

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.