J. Safra Sarasin Holding AG Sells 12,284 Shares of Electronic Arts Inc. $EA

J. Safra Sarasin Holding AG reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 71.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,864 shares of the game software company’s stock after selling 12,284 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Electronic Arts were worth $994,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EA. EverSource Wealth Advisors LLC boosted its stake in Electronic Arts by 2.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after acquiring an additional 50 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Electronic Arts by 1.2% during the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after purchasing an additional 59 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Electronic Arts by 3.6% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after purchasing an additional 67 shares during the period. Finally, SBI Securities Co. Ltd. lifted its stake in Electronic Arts by 20.5% in the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $999,750.00. Following the sale, the chief executive officer owned 28,858 shares in the company, valued at $5,770,157.10. This represents a 14.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.69, for a total value of $239,628.00. Following the completion of the transaction, the insider directly owned 29,960 shares of the company’s stock, valued at $5,982,712.40. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,600 shares of company stock worth $5,553,319. 0.24% of the stock is owned by insiders.

Electronic Arts Price Performance

EA opened at $203.58 on Thursday. The firm has a 50-day moving average price of $201.26 and a 200-day moving average price of $199.97. Electronic Arts Inc. has a twelve month low of $131.15 and a twelve month high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $50.95 billion, a price-to-earnings ratio of 76.53, a PEG ratio of 2.43 and a beta of 0.73.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

EA has been the subject of several research reports. Citigroup reduced their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $188.30.

Electronic Arts Company 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.