Oddo BHF Asset Management Sas Invests $34.15 Million in Electronic Arts Inc. $EA

Oddo BHF Asset Management Sas bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 1st quarter, Holdings Channel.com reports. The firm bought 167,500 shares of the game software company’s stock, valued at approximately $34,148,000. Electronic Arts accounts for approximately 1.4% of Oddo BHF Asset Management Sas’ portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Brighton Jones LLC grew its holdings in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after buying an additional 294 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after buying an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after buying an additional 190 shares in the last quarter. Jump Financial LLC bought a new position in shares of Electronic Arts during the second quarter worth $2,323,000. Finally, NewEdge Advisors LLC boosted its position in shares of Electronic Arts by 96.4% during the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after acquiring an additional 1,505 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EA. Citigroup raised their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $201.42.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,066 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the sale, the chief executive officer directly owned 85,974 shares in the company, valued at $17,337,516.84. The trade was a 5.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 31,206 shares of company stock worth $6,292,058. Insiders own 0.24% of the company’s stock.

Electronic Arts Trading Up 0.0%

EA stock opened at $208.91 on Thursday. The firm has a fifty day moving average price of $204.70 and a 200 day moving average price of $202.89. Electronic Arts Inc. has a fifty-two week low of $150.87 and a fifty-two week high of $209.41. The firm has a market cap of $52.38 billion, a PE ratio of 59.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Dividend Announcement

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

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.