Electronic Arts Inc. $EA is Credit Industriel ET Commercial’s 10th Largest Position

Credit Industriel ET Commercial boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 284.7% in the first quarter, HoldingsChannel.com reports. The fund owned 45,785 shares of the game software company’s stock after buying an additional 33,885 shares during the quarter. Electronic Arts comprises about 0.7% of Credit Industriel ET Commercial’s investment portfolio, making the stock its 10th biggest holding. Credit Industriel ET Commercial’s holdings in Electronic Arts were worth $9,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Optas LLC increased its stake in shares of Electronic Arts by 4.2% during the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after purchasing an additional 54 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after buying an additional 57 shares in the last quarter. Macroview Investment Management LLC lifted its stake in Electronic Arts by 6.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock valued at $218,000 after buying an additional 62 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Electronic Arts by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the game software company’s stock valued at $506,000 after buying an additional 68 shares during the last quarter. Finally, 44 Wealth Management LLC increased its position in Electronic Arts by 0.9% during the third quarter. 44 Wealth Management LLC now owns 7,555 shares of the game software company’s stock worth $1,524,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.3%

Shares of EA stock opened at $205.86 on Tuesday. The firm’s 50-day simple moving average is $202.50 and its 200-day simple moving average is $202.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a 1-year low of $146.97 and a 1-year high of $206.00. The firm has a market cap of $51.62 billion, a P/E ratio of 58.97, a PEG ratio of 2.31 and a beta of 0.64.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider directly owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the transaction, the chief financial officer directly owned 25,991 shares in the company, valued at $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 39,906 shares of company stock valued at $8,060,033 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EA. Citigroup boosted their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Profile

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.