Zurcher Kantonalbank Zurich Cantonalbank Purchases 6,700 Shares of Electronic Arts Inc. (NASDAQ:EA)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Electronic Arts Inc. (NASDAQ:EA) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 320,537 shares of the game software company’s stock after buying an additional 6,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Electronic Arts were worth $45,978,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Providence Capital Advisors LLC increased its holdings in shares of Electronic Arts by 1.8% in the third quarter. Providence Capital Advisors LLC now owns 44,115 shares of the game software company’s stock worth $6,328,000 after acquiring an additional 800 shares in the last quarter. BNP Paribas increased its stake in Electronic Arts by 37.1% during the 3rd quarter. BNP Paribas now owns 912 shares of the game software company’s stock worth $131,000 after purchasing an additional 247 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Electronic Arts by 12.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 230,224 shares of the game software company’s stock worth $33,023,000 after buying an additional 25,767 shares during the period. Townsquare Capital LLC lifted its stake in Electronic Arts by 94.3% in the third quarter. Townsquare Capital LLC now owns 3,891 shares of the game software company’s stock valued at $558,000 after buying an additional 1,888 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Electronic Arts in the third quarter valued at approximately $214,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Down 1.2 %

EA stock opened at $163.10 on Friday. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The company has a market capitalization of $42.78 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. The company’s 50-day simple moving average is $150.61 and its 200 day simple moving average is $144.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.47%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insider Activity at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total transaction of $219,870.00. Following the sale, the executive vice president now owns 26,360 shares in the company, valued at approximately $3,863,848.80. This trade represents a 5.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,000 shares of company stock worth $3,073,520. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EA. Robert W. Baird boosted their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Argus raised their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts 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.